Share price of Indian Hotels as Sensex gains 379.24 points
Indian Hotels Company Ltd. 1.92 per cent to Rs 793.70 at 10:30AM (IST) in Friday's trade. The scrip hit a high of Rs 794.05 and low of Rs 778.50 so far during the session. The stock had closed at Rs 778.70 in the previous session.
The counter had a total traded volume of 10:30AM shares so far with a turnover of Rs 2.99 crore on BSE. The stock traded at a price-to-earnings multiple of 67.33 and a price-to-book ratio of 8.90.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The 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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