Indian Hotels Company shines on increasing footprint with 100 new locations in FY25
The Indian Hotels Company is currently trading at Rs. 827.70, up by 39.15 points or 4.96% from its previous closing of Rs. 788.55 on the BSE.
The scrip opened at Rs. 811.05 and has touched a high and low of Rs. 832.00 and Rs. 802.60 respectively. So far 30606 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. 832.00 and Rs. 721.15 respectively. The current market cap of the company is Rs. 118144.87 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 increased its footprint with 100 new locations, with 74 signings and 26 openings in FY2025 (FY25), taking its portfolio to 380 hotels. IHCL in the last fiscal year has clocked a record 74 signings resulting in an industry leading pipeline of 137 hotels. This was enabled by IHCL’s strong brand presence across market segments coupled with the sustained demand buoyancy. In alignment with the company’s strategic roadmap Accelerate 2030, a significant share of the signings were in Gateway and Ginger brands, reflective of the fast growing Upscale and Midscale segments in India. This year, the company continued to build scale in each of the brands with Ginger crossing a 100-hotel portfolio and Vivanta reaching the 50+ hotel mark.
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.
