Indian Hotels shares down 1.48% as Nifty drops
Indian Hotels Company Ltd. traded 1.48 per cent down in Friday's trade at 01:55PM (IST). Around 89,193 shares changed hands on the counter.
The scrip opened at Rs 440.55 and touched an intraday high and low of Rs 444.45 and Rs 432.25, respectively, in the session so far. The stock of Indian Hotels Company Ltd. quoted a 52-week high of Rs 444.45 and a 52-week low of Rs 280.2.
As per BSE, the total market cap of the Indian Hotels Company Ltd. stood at Rs 61503.33 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 1480.87 crore for the quarter ended 30-Sep-2023, down 2.3 per cent from previous quarter's Rs 1515.7 crore and down 17.76 per cent from the year-ago quarter's Rs 1257.57 crore.
The net profit for latest quarter stood at Rs 166.92 crore, up 37.31 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Sep-2023, domestic institutional investors held 18.16 per cent stake in the firm, while foreign institutional investors held 22.17 per cent and the promoters 38.19 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 55.89 and a price-to-book ratio of 5.77.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Indian Hotels Company Ltd.
