Mahindra Holidays and Resorts is trading higher by 2.2% at Rs 285 after it announced the launch of Club Mahindra Emerald Palms in Goa.
The company in a filing to the Bombay Stock Exchange said that the room capacity has increased to 106 with launch of the new property and has the largest resort operations in South Goa with a total of 336 rooms.
"This is the first of a series of launches that Club Mahindra will have in the next six months, whereby several new destinations will be added along with a significant increase in its room count," the release added.
In intra-day deals the stock touched a high of Rs 293 with a volume of 670 shares traded so far on the BSE and NSE.