Indian Hotels Company gains on opening Ginger-branded hotel in Bharuch
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The Indian Hotels Company is currently trading at Rs. 322.05, up by 4.10 points or 1.29% from its previous closing of Rs. 317.95 on the BSE.
The scrip opened at Rs. 319.95 and has touched a high and low of Rs. 322.50 and Rs. 318.30 respectively. So far 88828 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 348.70 on 06-Oct-2022 and a 52 week low of Rs. 171.15 on 29-Nov-2021.
Last one week high and low of the scrip stood at Rs. 322.50 and Rs. 312.55 respectively. The current market cap of the company is Rs. 45161.61 crore.
The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 45.57% and 16.24% respectively.
Indian Hotels Company (IHCL) has debuted in Bharuch with the opening of a Ginger-branded hotel. Designed on the philosophy of re-imagined lean luxe, Ginger Bharuch offers guests the opportunity to blend the lines of work and play in the midst of dynamic spaces that boast of a seamless co-existence of contrasts.
Strategically located near the major manufacturing hubs in Ankleshwar, Jhagadia and Dahej, Ginger Bharuch is located within comfortable driving distance from Surat and Vadodara airports, as well as Bharuch Railway Station. Featuring 55 rooms, an all-day diner offering a mix of global and local cuisines, a conference room, banquet hall and fitness centre, Ginger Bharuch is the perfect destination for bleisure travellers.
Located near the Narmada River, Bharuch is the oldest city in Gujarat, known for its rich history and heritage. It is also a key industrial hub and is home to many Indian and multinational companies including multiple textile mills and chemical plants. With the addition of this hotel, IHCL will have 19 hotels across Taj, SeleQtions, Vivanta and Ginger brands across Gujarat including three under development.
Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, midmarket and value segments of the market.
