Indian Hotels share price up 0.43 per cent
Indian Hotels Company Ltd. traded 0.43 per cent up at Rs 393.65 at around 10:25AM (IST) on Monday.
The stock had closed at Rs 391.95 in the previous session. Equity benchmark Sensex traded 72.99 points higher at 64959.5 around the same time.
The scrip has climbed 40.24 per cent in the last one year till date, while the 30-share index has gained 8.87 per cent during the same period.
The stock's 52-week high price stood at Rs 408.4 and the 52-week low price at Rs 271.5.
Trading volume on the counter stood at 18,450 shares, while it quoted a price-to-earnings ratio of 53.11, an EPS value of 7.43 and a price-to-book value of 5.77.
In the Nifty50 pack, 31 stocks traded in the green, while 19 stocks were in the red.
Promoter/FII Holding Promoters held 38.19 per cent stake in the company as of 30-Jun-2023, while overseas investor and MF ownership stood at 21.64 per cent and 19.27 per cent, respectively.
Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 1515.7 crore, down 8.39 per cent from the previous quarter's Rs 1654.54 crore and down 17.21 per cent from the year-ago quarter's Rs 1293.19 crore. The company reported net profit of Rs 222.44 crore for the latest quarter.
Technical Indicators The MACD signalled a bullish bias on the counter.
The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect «buy» or «sell» opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice
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