Indian Hotels Company rises on signing Gateway, Ginger hotels in Ludhiana
The Indian Hotels Company is currently trading at Rs. 724.20, up by 7.30 points or 1.02% from its previous closing of Rs. 716.90 on the BSE.
The scrip opened at Rs. 717.75 and has touched a high and low of Rs. 727.55 and Rs. 717.75 respectively. So far 444 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 894.15 on 30-Dec-2024 and a 52 week low of Rs. 507.45 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 732.50 and Rs. 703.10 respectively. The current market cap of the company is Rs. 102045.86 crore.
The promoters holding in the company stood at 38.12%, while Institutions and Non-Institutions held 46.34% and 15.54% respectively.
Indian Hotels Company (IHCL) has signed a Gateway and a Ginger hotel in Ludhiana. These greenfield projects will be part of a mixed-use development. The 110-key Gateway Ludhiana, embodying the spirit of the city will offer immersive experiences. Guests can indulge in the culinary delights at the all-day-diner and the bar. Featuring a range of premium amenities including a gym, swimming pool, the hotel will also house a 5,000 sq. ft. ballroom designed to host events and gatherings. The 100-key Ginger Ludhiana will include the brand’s signature all-day dining, Qmin, along with a bar, state-of-the-art gym, and a 1,000 sq. ft. banquet hall, making it ideal for social and business events.
With the addition of these hotels, IHCL will have 5 hotels in Punjab including 4 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.
