Indian Hotels stock price down 0.29 per cent as Sensex climbs
Indian Hotels Company Ltd. fell 0.29 per cent to Rs 568.95 at 01:33PM hours (IST) on Tuesday. Earlier in the day, the stock saw a start to the session.
As per data available on BSE, total traded quantity on the counter stood at 72,771 shares with a turnover of Rs 4.12 crore till 01:33PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 64.51, while the price-to-book value ratio stood at 8.9.
Return on equity (ROE) was at 13.31 per cent, according to exchange data. The stock hit an intraday high of Rs 572.0 and a low of Rs 561.65 during the session and quoted a 52-week high price of Rs 622.25 and a 52-week low of Rs 365.4.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.56.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 475.88 on May 21, while the 50-DMA was at Rs 578.25. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 47.93. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 31-Mar-2024, promoters held 38.12 per cent stake in the company, while foreign institutional investors held 24.47 per cent and domestic
