Indian Hotels shares drop 0.78% as Sensex rises
Indian Hotels Company Ltd. traded 0.78 per cent down at Rs 689.45 at 01:07PM (IST) on Wednesday, even as BSE benchmark Sensex gained 46.83 points to 81968.12.
The stock had settled at Rs 694.9 in the previous session. The stock quoted a 52-week high price of Rs 696.75 and 52-week low of Rs 371.45, respectively. As per BSE data, total traded volume on the counter till 01:07PM (IST) stood at 46589 shares with a turnover of Rs 3.22 crore.
At the current price, the stock traded at 76.47 times its trailing 12-month earnings per share of Rs 9.03 per share and 8.9 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 0.56.
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