Share price of Indian Hotels falls as Sensex drops 101.3 points
Indian Hotels Company Ltd. dropped 0.2 per cent to Rs 415.7 at 12:24PM (IST) in Monday's trade.
The stock has hit a high of Rs 421.65 and low of Rs 413.6 so far during the session. The stock had closed at Rs 416.55 in the previous session.
The counter has had a total traded volume of 32095 shares so far with a value of Rs 133.0 crore on the NSE.
It traded at a price-to-earnings multiple of 55.96 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 29.14 per cent during the past one year, while the 30-share index advanced 11.82 per cent during the same period.
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-Jun-2023, while FIIs and domestic institutional investors ownership stood at 21.64 per cent and 19.27 per cent, respectively.
Key Financials The firm reported consolidated net sales of Rs 1515.7 crore for the quarter ended 30-Jun-2023, down 8.39 per cent from the previous quarter's Rs 1654.54 crore and down 17.21 per cent from the year-ago quarter's Rs 1293.19 crore.
Profit for the latest quarter stood at Rs 222.44 crore, up 30.81 per cent from the same quarter a year ago.
