Indian Hotels Company trades higher on opening SeleQtions hotel in Dudhwa
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The Indian Hotels Company is currently trading at Rs. 311.55, up by 1.60 points or 0.52% from its previous closing of Rs. 309.95 on the BSE.
The scrip opened at Rs. 309.00 and has touched a high and low of Rs. 312.20 and Rs. 307.35 respectively. So far 109673 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. 180.75 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 315.60 and Rs. 307.20 respectively. The current market cap of the company is Rs. 44174.43 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 debuted in Dudhwa, Uttar Pradesh with the opening of Jaagir Manor - a SeleQtions hotel. With design inspired by Victorian elegance, the hotel is a serene oasis in the heart of the rainforests of the Terai Himlayas bordering Nepal. Located in the northern state of Uttar Pradesh, the Dudhwa wildlife corridor, which stretches across over 490 square miles of untamed jungles that encompass four distinct forest fragments, is home to several species of mammals and birds. It is known for its rich wildlife and flora and fauna and is a wildlife lover’s paradise. With the addition of this hotel, IHCL will have 17 hotels across brands in the state of Uttar Pradesh including seven under development.
Featuring a combination of heritage rooms dating back to the 1940’s and luxury villas, the 20-room hotel is nestled within tranquil orchards and surrounding forests. Located at a comfortable driving distance from Lucknow, guests can delight in a leisurely vacation away from the bustle of the city or embark on an adventure to explore all that the destination has to offer. From glocal and Indian delicacies at the all-day diner, The Pavilion, to intimate barbeque evenings, Jaagir Manor’s culinary offerings will satiate one’s tastebuds. Guests can also indulge in a variety of experiences ranging from organic farm excursions, to meeting the local Tharu Tribe, private game drives, and a trip to the Nepal border among others.
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.
