Indian Hotels Company shines on signing second Taj Hotel in Kochi
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The Indian Hotels Company is currently trading at Rs. 344.35, up by 5.60 points or 1.65% from its previous closing of Rs. 338.75 on the BSE.
The scrip opened at Rs. 338.80 and has touched a high and low of Rs. 345.75 and Rs. 338.80 respectively. So far 47305 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. 207.25 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 345.75 and Rs. 329.85 respectively. The current market cap of the company is Rs. 48492.44 crore.
The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 45.83% and 15.98% respectively.
Indian Hotels Company (IHCL) has signed its second Taj Hotel in Kochi, Kerala. The Taj brand, which was established in 1903, has clocked a century with the addition of this 211-key property.
This is a momentous occasion as Taj's portfolio will offer 100 hotels across India and in key international destinations. With this, IHCL will have 17 hotels across Taj, SeleQtions, Vivanta and Ginger brands across Kerala, including five 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.
