Indian Hotels Company gains on opening new resort in Gangtok
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Indian Hotels Company is currently trading at Rs. 411.50, up by 2.65 points or 0.65% from its previous closing of Rs. 408.85 on the BSE.
The scrip opened at Rs. 410.95 and has touched a high and low of Rs. 414.30 and Rs. 405.65 respectively. So far 46942 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 436.25 on 07-Sep-2023 and a 52 week low of Rs. 280.20 on 27-Jan-2023.
Last one week high and low of the scrip stood at Rs. 421.40 and Rs. 400.65 respectively. The current market cap of the company is Rs. 58449.44 crore.
The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 45.82% and 15.99% respectively.
Indian Hotels Company (IHCL) has expanded its footprint in Sikkim with the opening of a resort in state capital Gangtok. The 69-key resort, spread over 14 acres of land, is a serene hide-out and is a blend of Sikkimese aesthetics and contemporary design.
Nestled in the alpine landscape of Sikkim, the resort is set amidst lush greenery and offers panoramic views of the Kanchenjunga. With the addition of the new facility, IHCL will have 11 hotels with three under development in Northeast India. This includes three hotels across Taj, Vivanta and Ginger brands in Sikkim.
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.v
