Indian Hotels shares fall 1.86 per cent in Monday's trading session
Indian Hotels Company Ltd. fell 1.86 per cent to Rs 583.0 in Monday's trade as of 02:04PM (IST) even as the benchmark Nifty ruled at 22164.25, down 48.46 points.
The scrip had closed at Rs 594.1 in the previous session. The stock quoted a 52-week low of Rs 300.0 and a high of Rs 602.75. The company quoted a market-cap of Rs 85114.13 crore on the BSE.
On BSE, 252,877 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 72.77 times its trailing 12-month EPS of Rs 8.22 per share and 5.77 times its book value. The return on equity (ROE) stood at Rs 12.56.
Key Financials For the quarter ended 31-Dec-2023, Indian Hotels Company Ltd. reported consolidated sales of Rs 2003.64 crore, up 14.92 per cent from the same quarter a year ago. The company reported 18.09 per cent YoY growth in net profit at Rs 451.95 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
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