The stock price has increased by 80.30% in last one year, while the benchmark index S&P BSE Sensex has increased by 44.88%.
The stock rallied after the company announced the reopening of Wonderla Resort in Bangalore from Monday, July 5, 2021, with 50 per cent capacity.
In a press release on July 2, 2021, Wonderla Holidays stated that the Wonderla Resort in Bangalore will reopen on July 5, 2021, with a 50% capacity as a crowd control measure. Keeping in mind the current situation, Wonderla maintains all safety and precautionary measures, such as well-sanitized rooms and limited but adequate facilities, in accordance with government guidelines, according to the company.
The company also stated that to commemorate the long-awaited reopening of Wonderla Resorts, Wonderla Holidays has extended an offer for two pax for one night, including breakfast and dinner, for Rs 4999 + GST. The Wonderla Amusement Park will remain closed until further notice from the Karnataka government.
The company reported a loss of Rs 4.87 crore for the January-March quarter (Q4FY21), compared to a profit after tax of Rs 1.56 crore in Q4FY20. It had posted a loss of Rs 4.93 crore for the entire fiscal year 2020-21 (FY21), compared to a profit after tax of Rs 64.78 crore during the previous fiscal year’s corresponding period.
The company is one of India’s largest amusement park operators. It currently owns and operates two amusement parks under the brand name ‘Wonderla’ in Kochi and Bangalore, and is in the process of establishing its third amusement park, Wonderla Hyderabad, in the Ranga Reddy District of Andhra Pradesh. In addition to its amusement park, the company owns and operates a resort in Bangalore under the brand name ‘Wonderla Resort,’ which has been open since March 2012.
Disclaimer: This document and the process of identifying the potential of a company have been produced for only learning purposes. Since equity involves individual judgments, this analysis should be used for only learning enhancements and cannot be considered to be a recommendation on any stock or sector.