IHCL moves up on signing framework agreement for 7 new Ginger hotels in north India
The Indian Hotels Company is currently trading at Rs. 682.50, up by 1.25 points or 0.18% from its previous closing of Rs. 681.25 on the BSE.
The scrip opened at Rs. 689.70 and has touched a high and low of Rs. 689.70 and Rs. 671.60 respectively. So far 17820 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 858.85 on 25-Mar-2025 and a 52 week low of Rs. 626.65 on 01-Feb-2026.
Last one week high and low of the scrip stood at Rs. 694.20 and Rs. 626.65 respectively. The current market cap of the company is Rs. 97533.58 crore.
The promoters holding in the company stood at 38.12%, while Institutions and Non-Institutions held 45.87% and 16.02% respectively.
Indian Hotels Company (IHCL) has signed framework agreement for 7 new Ginger hotels. The agreement marks a significant step in expanding the Ginger brand in key cities in north India.
The 7 hotel sites will comprise a mix of greenfield and brownfield developments. This partnership has commenced with the opening of 59-key Ginger Gurugram, Sector 1 in Palam Vihar in Gurugram, Haryana. The pipeline under this agreement will add over 1,000 keys across destinations including Jaipur, Agra, Mathura, Vrindavan, Hisar and Karnal through fully fitted lease arrangements.
Indian Hotels Company is India’s largest hospitality Company in South Asia and has been an industry pioneer for many decades. The company is primarily engaged in the business of owning, operating & managing hotels, palaces and resorts and air and institutional catering.
