Indian Hotels shares up 0.84% as Nifty drops
Indian Hotels Company Ltd. traded 0.84 per cent up in Wednesday's trade at 10:10AM (IST).
Around 17,690 shares changed hands on the counter.
The counter opened at Rs 417.2 and touched an intraday high and low of Rs 420.65 and Rs 413.2, respectively, in the session so far. Shares of the company of Indian Hotels Company Ltd.
quoted a 52-week high of Rs 436.25 and a 52-week low of Rs 280.2.
As per BSE, the total market cap of the Indian Hotels Company Ltd. stood at Rs 59131.27 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 1515.7 crore for the quarter ended 30-Jun-2023, down 8.39 per cent from previous quarter's Rs 1654.54 crore and down 17.21 per cent from the year-ago quarter's Rs 1293.19 crore.
The net profit for latest quarter stood at Rs 222.44 crore, up 30.81 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Jun-2023, DIIs held 19.27 per cent stake in the firm, while foreign institutional investors held 21.64 per cent and the promoters 38.19 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 56.05 and a price-to-book ratio of 5.77.
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.
