01-01-1970 12:00 AM | Source: Accord Fintech
Indian Hotels Company trades higher on expanding presence in Kerala with signing new SeleQtions resort
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Indian Hotels Company is currently trading at Rs. 207.80, up by 1.95 points or 0.95% from its previous closing of Rs. 205.85 on the BSE.

The scrip opened at Rs. 207.00 and has touched a high and low of Rs. 209.65 and Rs. 206.20 respectively. So far 61576 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 230.25 on 14-Oct-2021 and a 52 week low of Rs. 90.94 on 22-Apr-2021.

Last one week high and low of the scrip stood at Rs. 216.40 and Rs. 193.40 respectively. The current market cap of the company is Rs. 27412.23 crore.

The promoters holding in the company stood at 41.02%, while Institutions and Non-Institutions held 40.49% and 18.50% respectively.

Indian Hotels Company has expanded its presence in Kerala with signing of a new SeleQtions resort in Bekal. Bekal is well known for its beach, backwaters, hill destinations and historic fort. This resort is a management contract with Gopalan Enterprises. It is a Brownfield project slated to open in 2024. There is a growing demand for travel to new and emerging leisure destinations, and this signing reinforces the company’s confidence in the tourism potential of the region. It will be company’s second hotel in Bekal.

The 159-room SeleQtions resort is strategically situated on the backwaters and is a short drive from Bekal beach and the historic Bekal Fort. Spread over about 30 acres, the resort’s design will draw inspiration from the local ethos of Kerala. The hotel will have an all-day diner, a specialty restaurant and bar, and banqueting facilities including picturesque open air spaces, ideal for social as well as business gatherings. The hotel will also have a large wellness facility.

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.