Indian Hotels shares rise 0.63 per cent in Wednesday's trading session
Indian Hotels Company Ltd. rose 0.63 per cent to Rs 394.45 in Wednesday's trade as of 11:47AM (IST) even as the benchmark Nifty ruled at 19791.45, up 110.85 points. The scrip had closed at Rs 392.0 in the previous session.
The stock quoted a 52-week low of Rs 250.2 and a high of Rs 405.2. The company quoted a market-cap of Rs 56155.53 crore on the BSE. On BSE, 28,637 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 56.01 times its trailing 12-month EPS of Rs 7.06 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-Mar-2023, Indian Hotels Company Ltd. reported consolidated sales of Rs 1654.54 crore, down 73.27 per cent from the same quarter a year ago.
The company reported 342.47 per cent YoY growth in net profit at Rs 328.27 crore for the latest quarter.Technical indicators The relative strength index (RSI) of the stock stood at Wednesday. 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.
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