Indian Hotels shares up 1.65% as Nifty gains

economictimes.indiatimes.com:

Indian Hotels Company Ltd. traded 1.65 per cent up in Thursday's trade at 10:40AM (IST). Around 25,252 shares changed hands on the counter.
The counter opened at Rs 588.0 and touched an intraday high and low of Rs 597.5 and Rs 587.3, respectively, in the session so far. The stock of Indian Hotels Company Ltd. quoted a 52-week high of Rs 622.25 and a 52-week low of Rs 326.05.

As per BSE, the total market cap of the Indian Hotels Company Ltd. stood at Rs 83050.15 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 2003.64 crore for the quarter ended 31-Dec-2023, up 35.3 per cent from previous quarter's Rs 1480.87 crore and up 14.92 per cent from the year-ago quarter's Rs 1743.51 crore.
The net profit for latest quarter stood at Rs 451.95 crore, up 18.09 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Dec-2023, DIIs held 17.16 per cent stake in the firm, while foreign institutional investors held 23.28 per cent and the promoters 38.12 per cent.

Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 71.01 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. belongs to the Hotels & Resorts industry.