Royal Orchid board okays debt recast; stock up 5.7%

Royal Orchid Hotels board has okayed debt recast, reports CNBC-TV18.

At 09:31 hrs Royal Orchid Hotels was quoting at Rs 45.70, up Rs 2.50, or 5.79%. It has touched an intraday high of Rs 47.35 and an intraday low of Rs 45.
 
It was trading with volumes of 4,184 shares. In the previous trading session, the share closed down at Rs 43.20.
 
The share touched its 52-week high Rs 59.20 and 52-week low Rs 42.45 on 03 March, 2012 and 26 December, 2012, respectively.
 
Currently, it is trading 22.8% below its 52-week high and 7.66% above its 52-week low.
 
Market capitalisation stands at Rs 124.46 crore.

The company's trailing 12-month (TTM) EPS was at Rs 3.55 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 12.87. The latest book value of the company is Rs 75.31 per share. At current value, the price-to-book value of the company was 0.61.