Indian Hotels Company trades higher on the BSE
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Indian Hotels Company is currently trading at Rs. 282.10, up by 1.40 points or 0.50% from its previous closing of Rs. 280.70 on the BSE.
The scrip opened at Rs. 277.70 and has touched a high and low of Rs. 284.50 and Rs. 272.30 respectively. So far 150864 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 284.50 on 29-Aug-2022 and a 52 week low of Rs. 132.61 on 27-Aug-2021.
Last one week high and low of the scrip stood at Rs. 284.50 and Rs. 263.45 respectively. The current market cap of the company is Rs. 40197.31 crore.
The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 44.76% and 17.05% respectively.
Indian Hotels Company (IHCL) has continued to chart its journey of rapid expansion, with an industry-leading signing of 50 new hotels in addition to opening 27 new hotels in the past 24+ months. This period marks IHCL signing the most number of hotels in India in both, 2020 and 2021, adding over 5,500 keys to its portfolio.
Besides, IHCL will look to strengthen its presence in key global markets that have substantial customer crossover with India, through strategic partnerships. The recent opening of Taj Exotica Resort & Spa in Dubai is in line with this vision.
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.
