Indian Hotels Company rises on signing new Ginger in Agra
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Indian Hotels Company is currently trading at Rs. 233.00, up by 1.75 points or 0.76 % from its previous closing of Rs. 231.25 on the BSE.
The scrip opened at Rs. 232.50 and has touched a high and low of Rs. 234.95 and Rs. 231.80 respectively. So far 86110 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 268.85 on 04-May-2022 and a 52 week low of Rs. 112.75 on 18-May-2021.
Last one week high and low of the scrip stood at Rs. 234.95 and Rs. 216.25 respectively. The current market cap of the company is Rs. 33194.74 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 Ginger in Agra. This hotel is a fully fitted lease 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. With the addition of this hotel, IHCL will have 16 hotels across brands including seven under development in Uttar Pradesh.
The 75 keys Ginger is strategically situated off Fatehabad Road, a short drive from The Taj Mahal as well as other historic monuments such as the Agra Fort and Itmad-ud-Daula tomb. The hotel will feature an all-day diner and bar, fitness centre and a meeting room.
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.
