As of 31-Mar-2022, promoters held 38.17 per cent stake in the company, while FIIs held 33.99 per cent and domestic institutional investors had 11.9 per cent.

"Retail investors are just about ~6.8% of the total population. And if we take out the states of Gujarat and Maharashtra, this figure comes down to ~4.5% of the total population. However, we believe that this is likely to grow fast as has been the trend since the pandemic. With better financial literacy, increasing income, and a realization of the fact that to beat inflation one needs to invest in the stock market-- we expect the retail investor community to invest more in the coming years."

A total of 156,228 shares changed hands on the counter till 10:20AM (IST).

Oriental Hotels Ltd., incorporated in the year 1970, is a Small Cap company (having a market cap of Rs 1138.57 Crore) operating in Tourism & Hospitality sector.

The Relative Strength Index of the stock stood at 56.38 on Wednesday.

As of 31-Mar-2022, promoters held 60.51 per cent stake in the company, while FIIs held 11.28 per cent and domestic institutional investors had 0.86 per cent.

The dollar climbed to a fresh two-decade peak to the yen on Wednesday, buoyed by more Federal Reserve officials pushing for sizeable interest rate hikes, while the Bank of Japan stepped into the market again to defend its ultra-low rate policy.

“Already a correction has manifested in the market. Close to 80% plus of the market has corrected more than 10%, going all the way to 50-60%. and we are advising a more bottom-up stock-specific approach, investing gradually over the next three-six months because we really do not see markets running away in a hurry from here.”

“I have been a big believer in gold outside the equity investments. Gold should do well in these times with inflation coming through and with this huge volatility in global policy making where the US and Europe are putting all these sanctions on Russia. So apart from equities, one should be bullish on gold.”

"We remain confident of the management’s execution capabilities, but remain on the sidelines in the stock, led by a significant valuation re-rating. We value the stock at 30 times FY24 EPS. Our target is Rs 5,710 per share," said Motilal Oswal Securities.