Indian Hotels share price up 1.73 per cent
Indian Hotels Company Ltd. traded 1.73 per cent up at Rs 589.75 at around 10:30AM (IST) on Tuesday. The stock had closed at Rs 579.7 in the previous session. Equity benchmark Sensex traded 45.61 points lower at 72744.52 around the same time.
The scrip has climbed 87.37 per cent in the last one year till date, while the 30-share index has gained 20.37 per cent during the same period.
The stock's 52-week high price stood at Rs 602.75 and the 52-week low price at Rs 302.3.
Trading volume on the counter stood at 61,476 shares, while it quoted a price-to-earnings ratio of 71.72, an EPS value of 8.22 and a price-to-book value of 5.77. In the Nifty50 pack, 25 stocks traded in the green, while 25 stocks were in the red.
Promoter/FII Holding Promoters held 38.12 per cent stake in the company as of 31-Dec-2023, while FII and mutual funds' ownership stood at 23.28 per cent and 17.16 per cent, respectively.
Key Financials For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 2003.64 crore, up 35.3 per cent from the previous quarter's Rs 1480.87 crore and up 14.92 per cent from the year-ago quarter's Rs 1743.51 crore. The company reported net profit of Rs 451.95 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
