Indian Hotels Company rises on signing new resort in Mangalore
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Indian Hotels Company is currently trading at Rs. 609.55, up by 1.00 points or 0.16% from its previous closing of Rs. 608.55 on the BSE.
The scrip opened at Rs. 612.25 and has touched a high and low of Rs. 612.25 and Rs. 597.50 respectively. So far 75038 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. 624.90 and Rs. 597.50 respectively. The current market cap of the company is Rs. 86793.78 crore.
The promoters holding in the company stood at 38.12%, while Institutions and Non-Institutions held 45.26% and 16.63% respectively.
Indian Hotels Company (IHCL) has signed a new resort in Mangalore, Karnataka. This brownfield project will be branded as Taj, marking the company’s continued expansion into key leisure destinations. Nestled within expansive landscapes, Taj Resort & Spa, Mangalore boasts 96 elegantly designed guest rooms and suites, all offering stunning vistas of the surrounding area, including lush arecanut plantations, mango orchards, and fields dotted with cashew and coconut trees. Guests can indulge in a variety of culinary delights at the resort's all-day diner, bar, specialty restaurant, and a serene lobby lounge.
With the addition of this hotel, IHCL will have 20 hotels in Karnataka under Taj, Vivanta, Gateway and Ginger brands 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.
