Indian Hotels shares 0.24% as Sensex rises
Indian Hotels Company Ltd. traded 0.24 per cent at Rs 846.95 at 12:07PM (IST) on Tuesday, even as BSE benchmark Sensex 287.28 points to 78252.27.
The stock had closed at Rs 844.90 in the previous session. The stock quoted a 52-week high price of Rs 894.15 and 52-week low of Rs 450.00, respectively. As per BSE data, total traded volume on the counter till 12:07PM (IST) stood at 28358 shares with a turnover of Rs 2.41 crore.
At the prevailing price, the stock traded at 72.16 times its trailing 12-month earnings per share of Rs 11.75 per share and 8.90 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.5610.
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