Mac Charles (India) Ltd Performance
Open
470
Traded Value (Cr)
26.12 K
Prev. Close
437.2
VWAP
447.32
Volume
59.00
Face Value
10
Mac Charles (India) Ltd Fundamentals
Mac Charles (India) Ltd Financials
Resistance and Support
₹435.03
PIVOT
Resistance | |
---|---|
First Resistance | ₹437.067 |
Second Resistance | ₹441.133 |
Third Resistance | ₹443.167 |
Support | |
---|---|
First Resistance | ₹430.967 |
Second Resistance | ₹428.933 |
Third Resistance | ₹424.867 |
RSI | 45.798 |
MACD | -2.798 |
ADX | 37.099 |
CCI | -0.124 |
Delivery and Volume
About Mac Charles (India) Ltd
Mac Charles (India) Ltd, incorporated in Sep.'79, had established its hotel in collaboration with Holiday Inn, a division of Bass, UK. The hotel was promoted by C B Pradhanani, an NRI tycoon from Dubai. The five-star hotel made a soft opening in Nov.'86. In the next two years, the facilities gradually became functional and the hotel additives were in full swing. Failure to achieve planned business volumes, coupled with huge interest burden, sent it into the red. After a long downturn, there was a change in the company's fortunes in 1993-94. Presently, the Company is involved in generation of electricity through wind turbine generators located in Gadag and Bellary Districts and in construction & leasing of commercial real estate properties. The company has not spent much money on hotel renovation and refurbication and it may spend Rs 2-3 Crore on the entire renovation and refurbication as the Holiday Inn collaboration is nearing expiry and the Holiday Inn group will not renew it unless the hotel is totally renovated and refurbished. In 2003-04, the Company has dis-invested in Vaswani Properties Private Ltd and in Vaswani Investments and Holdings Private Ltd. M/s. Starwood Hotels & Resorts, USA acquired Le Meridien Group of Hotels worldwide, in 2005-06. The Company invested 100% share capital in Messrs. Nedstar Hotels Private Limited effective on 18 June, 2010. M/s. Starwood Hotels & Resorts, USA acquired Le Meridien Group of Hotels worldwide, in 2005-06. The Company invested 100% share capital in Messrs. Nedstar Hotels Private Limited effective on 18 June, 2010. The Company acquired 100% shareholding in Blue Lagoon Real Estate Private Limited and Neptune Real Estate Private Limited on 5th July, 2019 and hence they became wholly owned subsidiaries during the year 2018-19. The Company in 2022, disposed of its investments in wholly owned and material subsidiary i.e. Airport Golfview Hotels & Suites Pvt Ltd. And it ceased to be a subsidiary and also the material subsidiary of the Company. It acquired the investments in equity shares of Embassy Bhivandi Projects Private Limited and the name of this Company was changed to Mac Charles Hub Projects Private Limited. In 2022, the Company diversified into the real estate & property development business as per Main Objects clause of the Memorandum of Association of the Company. The preliminary work for construction of a landmark commercial building at the erstwhile site of the Le Meridien Hotel was completed in 2023.
Managing Director
Founded
1979
NSE Symbol
Mac Charles (India) Ltd Management
Name | Designation |
---|---|
P B Appiah | Independent Director |
Tanya Girdhar John | Independent Director |
P R Ramakrishnan | Non Executive Director |
Aditya Virwani | Non Executive Director |
Chandana Naidu | Company Sec. & Compli. Officer |
Harish Anand | WTD & Additional Director |
Bijoy Das | Independent Director |
Mac Charles (India) Ltd News
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