Wonderla zooms 19% as the resort reopens with limited capacity

New Delhi: Shares of Wonderla Holiday shot up 19 per cent on Tuesday after the company's resort in Bangalore, Karnataka reopened for business on July 5.

The resort, situated in the outskirts of India's silicon valley will open with 50 per cent capacity as a crowd control measure. However, the Wonderla Amusement Park will remain closed until further notice from the State Government.

The stock surged 19 per cent to Rs 269 on Tuesday. The counter was trading at Rs 263.50 at 12 noon. BSE Sensex was trading at 53,056.91, 176.91 points or 0.33 per cent higher at the same time. The scrip settled at Rs 225.85 on Monday.

Wonderla Holidays will continue to follow all the safety and precautionary measures like well sanitized rooms and limited but sufficient facilities, adhering to the government guidelines.

Wonderla Holidays has extended an offer costing Rs 4,999 + GST for two pax for one night, including breakfast and dinner.

Wonderla Holidays reported net loss of Rs 4.87 crore in Q4 FY21 compared with net profit of Rs 1.56 crore in Q4 FY20. Net sales dropped 21.6% to Rs 33.22 crore in Q4 FY21 over Q4 FY20.

Wonderla Holidays operates three amusement parks in Kochi (Kerala), Bangalore (Karnataka) and Hyderabad (Telangana) under the brand name Wonderla.