Indian Hotels shares up 0.68% as Nifty drops
Indian Hotels Company Ltd. traded 0.68 per cent up in Thursday's trade at 11:31AM (IST). Around 72,226 shares changed hands on the counter.
The scrip opened at Rs 661.15 and touched an intraday high and low of Rs 667.0 and Rs 659.45, respectively, in the session so far. The stock of Indian Hotels Company Ltd. quoted a 52-week high of Rs 672.0 and a 52-week low of Rs 371.45.
As per BSE, the total market cap of the Indian Hotels Company Ltd. stood at Rs 94437.61 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 1596.27 crore for the quarter ended 30-Jun-2024, down 18.2 per cent from previous quarter's Rs 1951.46 crore and down 5.32 per cent from the year-ago quarter's Rs 1515.7 crore.
The net profit for latest quarter stood at Rs 248.39 crore, up 11.67 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Jun-2024, domestic institutional investors held 13.71 per cent stake in the company, while foreign institutional investors held 27.19 per cent and the promoters 38.12 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 73.49 and a price-to-book ratio of 8.9. 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. belongs to the Hotels & Resorts industry.
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