Indian Hotels Company gains on signing new hotel in Gujarat
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Indian Hotels Company is currently trading at Rs. 601.95, up by 5.55 points or 0.93% from its previous closing of Rs. 596.40 on the BSE.
The scrip opened at Rs. 608.75 and has touched a high and low of Rs. 608.75 and Rs. 600.90 respectively. So far 16180 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 663.40 on 26-Jun-2024 and a 52 week low of Rs. 371.45 on 27-Oct-2023.
Last one week high and low of the scrip stood at Rs. 643.00 and Rs. 595.00 respectively. The current market cap of the company is Rs. 85975.31 crore.
The promoters holding in the company stood at 38.12%, while Institutions and Non-Institutions held 45.62% and 16.27% respectively.
Indian Hotels Company (IHCL) has signed a hotel in Nadiad, Gujarat. The hotel will be branded an IHCL- SeleQtions. Located on the Golden Quadrilateral road along the Mumbai-Ahmedabad Highway, the 108 key IHCL SeleQtions Nadiad-Ahmedabad, Gujarat will feature an all-day diner, a gym, a swimming pool and a spa. The hotel will offer 10,000+ sq. ft. banqueting space with meeting rooms, pre-function areas, and open lawns for weddings and large events. With the addition of this hotel, IHCL will have 25 hotels in Gujarat including 6 under development.
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.
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