Indian Hotels Company rises on opening Ginger hotel in Tamil Nadu
The Indian Hotels Company is currently trading at Rs. 318.30, up by 0.55 points or 0.17% from its previous closing of Rs. 317.75 on the BSE.
The scrip opened at Rs. 318.00 and has touched a high and low of Rs. 319.45 and Rs. 316.30 respectively. So far 13797 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. 205.90 on 22-Mar-2022.
Last one week high and low of the scrip stood at Rs. 323.75 and Rs. 311.55 respectively. The current market cap of the company is Rs. 45275.24 crore.
The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 45.68% and 16.13% respectively.
Indian Hotels Company (IHCL) has opened its Ginger Chennai, OMR in Tamil Nadu. The hotel’s lean luxe design philosophy 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.
The 99 room Ginger OMR is strategically located on Old Mahabalipuram Road also known as Rajiv Gandhi Salai, in close proximity to major Tech parks as well as entertainment hubs. The hotel features Qmin, the signature all-day diner offering a mix of global and local cuisines, a state-of-the art meeting area and a fitness centre. It is the ideal destination for both work as well as leisure.
Chennai is the capital of the state of Tamil Nadu, located on the east coast of Bay of Bengal. It is known for its beautiful beaches, historic landmarks, and vibrant culture. It is also an important hub for industries such as automobile manufacturing, information technology, and healthcare. With the addition of this hotel, IHCL will have 11 hotels in Tamil Nadu, including one 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.