Indian Hotels shares up 1.03% as Sensex rises

economictimes.indiatimes.com:

Indian Hotels Company Ltd. gained 1.03 per cent to Rs 420.5 in Wednesday's session as of 11:01AM (IST) even as the equity benchmark Sensex traded 444.3 points higher at 66523.66.
Earlier in the day, the stock witnessed a gap up start to the session.

The stock quoted a 52-week high price of Rs 436.25 and a 52-week low of Rs 280.2 on NSE. Around 69803 shares changed hands on the counter till 11:01AM (IST).
The stock opened at Rs 416.75 and has touched an intraday high and low of Rs 422.8 and Rs 416.75 during the session so far.

The scrip quoted a price-to-earnings (PE) ratio of 56.62, earnings per share (EPS) of Rs 7.43 and price to book value (PB) of 5.77, while the return on equity (ROE) stood at Rs 12.56.
Promoter/ FII Holding
The promoters held 38.19 per cent stake in the company as of October 11, while FII and MF ownerships stood at 21.64 per cent and 19.27 per cent, respectively.
Key Financials With a market capitalisation of Rs 59734.94 crore, the company operates in the Hotels & Resorts industry.

For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 1515.7 crore, down 8.39 per cent from the previous quarter?s Rs 1654.54 crore and down 17.21 per cent from the same quarter a year ago. The company reported net profit of Rs 222.44 crore for the latest quarter, up 30.81 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 56.0.

The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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,