Share price of Indian Hotels jumps as Sensex drops 441.09 points

economictimes.indiatimes.com:

Indian Hotels Company Ltd. gained 1.64 per cent to Rs 606.0 at 10:20AM (IST) in Friday's trade. The scrip hit a high of Rs 607.1 and low of Rs 597.0 so far during the session. The stock had closed at Rs 596.2 in the previous session.
The counter had a total traded volume of 10:20AM shares so far with a turnover of Rs 1.46 crore on BSE. The stock traded at a price-to-earnings multiple of 72.72 and a price-to-book ratio of 5.77.

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.
Promotor/FII Holding Promoters held 38.12 per cent stake in the company as of 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 23.28 per cent and 22.11 per cent, respectively.
Key Financials The firm reported consolidated net sales of Rs 2003.64 crore for the quarter ended 31-Dec-2023, up 35.3 per cent from the previous quarter's Rs 1480.87 crore and up 14.92 per cent from the year-ago quarter's Rs 1743.51 crore.
Its profit for the latest quarter stood at Rs 451.95 crore, up 18.09 per cent from the same quarter a year ago.