Indian Hotels Company inches up on signing Seleqtions Hotel in Chennai
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The Indian Hotels Company is currently trading at Rs. 712.90, up by 1.40 points or 0.20% from its previous closing of Rs. 711.50 on the BSE.
The scrip opened at Rs. 714.75 and has touched a high and low of Rs. 717.25 and Rs. 707.40 respectively. So far 16854 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 720.60 on 24-Sep-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. 720.60 and Rs. 671.05 respectively. The current market cap of the company is Rs. 101675.76 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 an IHCL SeleQtions hotel, in ECR Chennai. The hotel is part of a large eco-friendly development spread over 30 acres. With the addition of this, IHCL will have 22 hotels in Tamil Nadu including 6 under development.
Located on the picturesque ECR, the 120-key hotel is part of 32-acre green township, close to the city’s attractions. The hotel will feature a variety of dining options, including an all-day diner, a specialty restaurant, a bar and a lounge. Guests can unwind at the state-of-the-art gym, swimming pool, and spa.
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.
