Indian Hotels Company surges after Ginger expands footprint in Mumbai
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The Indian Hotels Company is currently trading at Rs. 181.70, up by 0.70 points or 0.39% from its previous closing of Rs. 181.00 on the BSE.
The scrip opened at Rs. 182.00 and has touched a high and low of Rs. 183.85 and Rs. 180.15 respectively. So far 81437 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 230.14 on 14-Oct-2021 and a 52 week low of Rs. 90.89 on 22-Apr-2021.
Last one week high and low of the scrip stood at Rs. 195.00 and Rs. 177.70 respectively. The current market cap of the company is Rs. 23963.40 crore.
The promoters holding in the company stood at 40.75%, while Institutions and Non-Institutions held 40.55% and 18.70% respectively.
Ginger, operated by Roots Corporation which is a subsidiary of The Indian Hotels Company (IHCL), has expanded its footprint in Mumbai, the financial capital of India, with the signing of a new hotel in Goregaon.
The hotel is designed around the brand’s lean luxe design and service philosophy of offering a vibrant, contemporary, and seamless hospitality experience to its guests. With the addition of this hotel, Indian Hotels Company will have 12 hotels in Mumbai, including four 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.
