Indian Hotels shares drop 0.27% as Sensex rises

economictimes.indiatimes.com:

Indian Hotels Company Ltd. traded 0.27 per cent lower in Tuesday's session at 01:03PM (IST). The stock opened at Rs 581.45 and has touched an intraday high and low of Rs 584.9 and Rs 577.7, respectively, during the session so far.
The stock quoted a 52-week high of Rs 622.25 and a 52-week low of 371.45. About 67,054 shares changed hands on the counter so far.

Benchmark Nifty50 was up 77.55 points at 23336.75, while the BSE Sensex traded 179.79 points higher at 76669.87 at the time of writing of this report.
In the Nifty pack, 37 stocks traded the day in the green, while 13 were in the red.

Key Financials 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 year-ago quarter. The company reported net profit of Rs 417.76 crore for the latest quarter.
Promoter Holdings Promoters held 38.12 per cent stake in the company as of 31-Mar-2024, while FIIs held 24.47 per cent and MFs 15.92 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 489.53 on June 11, while the 50-DMA was at Rs 579.64. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.