12-09-2022 10:44 AM | Source: Accord Fintech
Indian Hotels Company rises on signing fifth Ginger hotel in Goa
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The Indian Hotels Company is currently trading at Rs. 330.55, up by 3.30 points or 1.01% from its previous closing of Rs. 327.25 on the BSE.

The scrip opened at Rs. 327.30 and has touched a high and low of Rs. 331.00 and Rs. 327.30 respectively. So far 42896 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. 172.35 on 27-Dec-2021.

Last one week high and low of the scrip stood at Rs. 331.00 and Rs. 321.70 respectively. The current market cap of the company is Rs. 46482.58 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 its fifth Ginger hotel in Goa. Located at Miramar, the hotel is a management contract and will be designed around the brand’s lean luxe design and service philosophy of offering a vibrant, contemporary, and a seamless hospitality experience to its guests.

Strategically located in Miramar, the hotel is close to beaches and popular tourist spots.  The 160-room hotel will feature an all-day diner - Qmin, offering a variety of global and local favourites, a banquet hall, swimming pool, activity areas and a fitness centre. This Greenfield project is slated to open in 2026.
Miramar is situated at the confluence of Mandovi River and the Arabian Sea. It is home to Miramar and Caranzalem beaches and is a bustling tourist area. With the addition of this hotel, IHCL will have 13 hotels across brands in Goa 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.