11-04-2022 10:34 AM | Source: Accord Fintech
Indian Hotels Company inches up on signing SeleQtions hotel in Munnar
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The Indian Hotels Company is currently trading at Rs. 341.95, up by 2.00 points or 0.59% from its previous closing of Rs. 339.95 on the BSE.

The scrip opened at Rs. 340.00 and has touched a high and low of Rs. 344.05 and Rs. 339.00 respectively. So far 24320 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. 346.70 and Rs. 322.45 respectively. The current market cap of the company is Rs. 48286.48 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 signed a SeleQtions hotel in Munnar, Kerala. A brownfield project, this hotel is a management contract with CRB Hotels & Resorts. With the addition of this, IHCL has 14 hotels in Kerala including three under development.

Featuring a combination of 55 rooms and suites, the SeleQtions hotel will be located at an easy driving distance from Kochi airport. It will house an all-day restaurant and bar, in addition to a fitness centre, swimming pool and spa, making it ideal for a leisure getaway.
Located at a short driving distance from the Tata Tea gardens, this hotel will be the perfect location for those looking to revel in the midst of nature, while its banqueting facilities will cater to bleisure travel, events and conferences.

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.