Indian Hotels declines 3.74% as Sensex slides
Indian Hotels Company Ltd. traded at Rs 374.85 on BSE at 01:39PM (IST) on Thursday, down 3.74 per cent from previous close.
The scrip quoted a 52-week low price of Rs 280.2 and a high of Rs 436.25.
Earlier, the stock saw a gap down opening in the morning.
A total of 72,820 lakh shares changed hands on the counter till 01:39PM (IST).
The stock of Indian Hotels Company Ltd.
commanded a market value of Rs 53435.46 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 50.65, while the price-to-book value ratio stood at 5.77. Return on equity (ROE) was at 12.56 per cent, according to exchange data.
In the BSE500 pack, 90 stocks traded in the green, while 411 stocks were in the red.
The stock's beta value, which measures volatility in relation to the broader market, stood at 0.56.
Promotor/FII Holding Promoters held 38.19 per cent in Indian Hotels Company Ltd.
as of 30-Sep-2023 while overseas and domestic institutional investors owned 22.17 per cent and 18.16 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 364.22 on October 26, while the 50-DMA was at 408.75. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward.
