Indian Hotels shares down 0.69% as Sensex rises
Indian Hotels Company Ltd. fell 0.69 per cent to Rs 582.55 in Thursday's session as of 12:18PM (IST) even as the equity benchmark Sensex traded 60.91 points higher at 80777.46.
Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 663.4 and a 52-week low of Rs 371.45 on NSE. Around 40261 shares changed hands on the counter till 12:18PM (IST).
The stock opened at Rs 586.85 and has touched an intraday high and low of Rs 588.0 and Rs 578.9 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 65.68, earnings per share (EPS) of Rs 8.85 and price to book value (PB) of 8.9, while the return on equity (ROE) stood at Rs 13.31.
Promoter/ FII Holding
The promoters held 38.12 per cent stake in the company as of July 18, while FII and MF ownerships stood at 24.47 per cent and 15.92 per cent, respectively.
Key Financials With a market capitalisation of Rs 82701.41 crore, the company operates in the Hotels & Resorts industry. For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 1951.46 crore, down 2.6 per cent from the previous quarter?s Rs 2003.64 crore and down 17.95 per cent from the same quarter a year ago. The company reported net profit of Rs 417.76 crore for the latest quarter, up 27.26 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 39.41. The RSI oscillates between zero and 100. Traditionally, it is considered overbought
