01-01-1970 12:00 AM | Source: Accord Fintech
Indian Hotels Company inches up on signing SeleQtions branded hotel in Indore
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Indian Hotels Company is currently trading at Rs. 367.70, up by 0.25 points or 0.07% from its previous closing of Rs. 367.45 on the BSE.

The scrip opened at Rs. 370.75 and has touched a high and low of Rs. 372.50 and Rs. 366.05 respectively. So far 77191 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 377.80 on 09-May-2023 and a 52 week low of Rs. 207.25 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 376.30 and Rs. 350.45 respectively. The current market cap of the company is Rs. 52441.15 crore.

The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 45.83% and 15.98% respectively.

Indian Hotels Company (IHCL) has signed a SeleQtions branded hotel in Indore, Madhya Pradesh. The currently operational property will be rebranded SeleQtions. The 125-keys hotel is situated in the heart of Indore’s commercial hub. Guests can enjoy a variety of global and local cuisines at the all-day dining restaurant, bar, and specialty restaurant. Recreational facilities will include a swimming pool and gym. The hotel will also offer state-of-the-art banqueting spaces spread over 6,400 square feet.

The signing of this hotel further strengthen its presence in the strategically important state of Madhya Pradesh. Indore, its financial capital lies in proximity to major industrial hubs and is home to several large IT parks. With the addition of this hotel, IHCL will have three of its brands in the city, which is in line with its commercial potential. 

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.