Share price of Indian Hotels jumps as Sensex gains 23.01 points

economictimes.indiatimes.com:

Indian Hotels Company Ltd. gained 1.36 per cent to Rs 645.55 at 11:47AM (IST) in Monday's trade. The scrip has hit a high of Rs 654.0 and low of Rs 631.1 so far during the session. The stock had closed at Rs 636.85 in the previous session.
The counter has had a total traded volume of 94598 shares so far with a value of Rs 6.08 crore on the NSE. It traded at a price-to-earnings multiple of 72.02 and a price-to-book ratio of 8.9.

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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 69.04 per cent during the past one year, while the 30-share index advanced 23.34 per cent during the same period.
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-Mar-2024, while FIIs and domestic institutional investors ownership stood at 24.47 per cent and 15.92 per cent, respectively.
Key Financials The firm reported consolidated net sales of Rs 1951.46 crore for the quarter ended 31-Mar-2024, down 2.6 per cent from the previous quarter's Rs 2003.64 crore and down 17.95 per cent from the year-ago quarter's Rs 1654.54 crore.
Profit for the latest quarter stood at Rs 417.76 crore, up 27.26 per cent from the same quarter a year ago.