Indian Hotels Company jumps on signing new SeleQtions hotel in Udaipur
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The Indian Hotels Company is currently trading at Rs. 236.25, up by 3.35 points or 1.44% from its previous closing of Rs. 232.90 on the BSE.
The scrip opened at Rs. 233.05 and has touched a high and low of Rs. 236.95 and Rs. 231.35 respectively. So far 130276 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 260.30 on 13-Apr-2022 and a 52 week low of Rs. 103.83 on 03-May-2021.
Last one week high and low of the scrip stood at Rs. 249.80 and Rs. 228.70 respectively. The current market cap of the company is Rs. 33478.82 crore.
The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 44.67% and 17.14% respectively.
Indian Hotels Company (IHCL) has signed a new SeleQtions hotel in Udaipur, Rajasthan. The hotel is a management contract with Lalit Bagh Heritage Palace and Museum. The 151-room SeleQtions hotel is strategically located in Nahar Mangra, with close proximity to the airport. Spread over eight acres, the hotel is being built in the tradition of the grand palaces of Rajasthan.
It will have an all-day diner, a specialty restaurant and bar. The hotel will have over 10,000 square feet of banquet space, meeting rooms and expansive lawns, perfect for elegant weddings and conferences. It is a Brownfield project slated to open in 2025. With the addition of this hotel, IHCL will have six hotels across brands including three under development in Udaipur.
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.
