Share price of Indian Hotels falls as Sensex drops 1070.53 points

economictimes.indiatimes.com:

Indian Hotels Company Ltd. dropped 0.2 per cent to Rs 467.55 at 11:28AM (IST) in Wednesday's trade. The stock hit a high of Rs 468.95 and low of Rs 461.3 so far during the session.

The stock had closed at Rs 468.5 in the previous session.
The counter had a total traded volume of 11:28AM shares so far with a turnover of Rs 2.67 crore on BSE. The stock traded at a price-to-earnings multiple of 58.91 and a price-to-book ratio of 5.77.

A higher P/E 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.
Promotor/FII Holding Promoters held 38.19 per cent stake in the company as of 30-Sep-2023, while foreign investors and domestic institutional investors ownership stood at 22.17 per cent and 23.07 per cent, respectively.
Key Financials The company reported consolidated net sales of Rs 1480.87 crore for the quarter ended 30-Sep-2023, down 2.3 per cent from the previous quarter's Rs 1515.7 crore and down 17.76 per cent from the year-ago quarter's Rs 1257.57 crore.