Indian Hotels Company rises on signing seventh Ginger hotel in Mumbai Metropolitan Region
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The Indian Hotels Company is currently trading at Rs. 659.00, up by 3.00 points or 0.46% from its previous closing of Rs. 656.00 on the BSE.
The scrip opened at Rs. 650.15 and has touched a high and low of Rs. 662.70 and Rs. 648.95 respectively. So far 29652 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. 714.30 and Rs. 648.95 respectively. The current market cap of the company is Rs. 94039.05 crore.
The promoters holding in the company stood at 38.12%, while Institutions and Non-Institutions held 46.23% and 15.64% respectively.
Indian Hotels Company (IHCL) has signed its seventh Ginger hotel in the Mumbai Metropolitan Region in Bhiwandi, Maharashtra. This greenfield project embodies Ginger’s lean luxe design philosophy, offering guests the perfect blend of work and leisure in vibrant, contemporary spaces. With the addition of this hotel, IHCL will have 37 hotels in Maharashtra including 13 under development.
Located along the Mumbai-Nashik Highway, the 151-key Ginger Bhiwandi, MMR features the brand’s signature all-day diner, Qmin, which offers a variety of delectable cuisines. The hotel will also house a state-of-the-art fitness centre, a swimming pool and versatile event spaces including a banquet hall spanning over 2,000 sq. ft. with meeting rooms and pre-function areas.
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.
