Indian Hotels Company surges on signing first hotel in Dibrugarh under Ginger brand
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The Indian Hotels Company is currently trading at Rs. 518.90, up by 12.80 points or 2.53% from its previous closing of Rs. 506.10 on the BSE.
The scrip opened at Rs. 511.65 and has touched a high and low of Rs. 518.90 and Rs. 508.75 respectively. So far 55005 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 519.35 on 07-Feb-2024 and a 52 week low of Rs. 298.20 on 22-Feb-2023.
Last one week high and low of the scrip stood at Rs. 519.35 and Rs. 487.15 respectively. The current market cap of the company is Rs. 73776.49 crore.
The promoters holding in the company stood at 38.12%, while Institutions and Non-Institutions held 45.61% and 16.28% respectively.
Indian Hotels Company (IHCL) has signed its first hotel in Dibrugarh, Assam under the Ginger brand. The hotel is a Greenfield project on a fully fitted lease. It will be designed around the brand’s lean luxe design and service philosophy of offering a vibrant, contemporary, and seamless hospitality experience to its guests. With the addition of this hotel, IHCL will have six hotels in Assam, including four under development.
The 77-key hotel is strategically located on KC Gogoi Path in the city centre, a short drive from Dibrugarh Airport as well as significant tourist spots. The hotel will feature Qmin, the signature all-day diner presenting a delightful array of global and local favorites. It will also offer a state-of-the-art fitness center and meeting rooms.
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.
