03-04-2024 11:37 AM | Source: Accord Fintech
Indian Hotels Company gains on signing Taj branded resort in Kerala

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The Indian Hotels Company is currently trading at Rs. 613.90, up by 8.95 points or 1.48% from its previous closing of Rs. 604.95 on the BSE.

The scrip opened at Rs. 606.55 and has touched a high and low of Rs. 615.00 and Rs. 600.05 respectively. So far 51759 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 615.00  on 03-Apr-2024 and a 52 week low of Rs. 318.30 on 05-Apr-2023.

Last one week high and low of the scrip stood at Rs. 615.00 and Rs. 583.00 respectively. The current market cap of the company is Rs. 87384.50 crore.

The promoters holding in the company stood at 38.12%, while Institutions and Non-Institutions held 45.61% and 16.28% respectively.

Indian Hotels Company (IHCL) has signed a Taj branded resort at Kollam, Kerala. The resort is a Brownfield project. Nestled on a sprawling 13-acre site along the scenic Thirumullavaram Beach, the resort boasts nearly 600 feet of pristine beachfront. It will feature 205 rooms, each with breathtaking views of the Arabian Sea. 

The resort will showcase a wide array of amenities including an all-day diner, a specialty vegetarian restaurant, a chic bar, a rejuvenating spa, an inviting swimming pool, and a fully equipped gym. With over 20,000 sq. ft. of versatile banqueting space and expansive lawns, it serves as the perfect venue for both corporate gatherings and social events. With the addition of this hotel, IHCL will have 20 hotels across Taj, SeleQtions, Vivanta and Ginger brands in Kerala 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.