Share price of Indian Hotels jumps as Sensex gains 607.72 points
Indian Hotels Company Ltd. gained 3.31 per cent to Rs 644.25 at 11:01AM (IST) in Friday's trade. The scrip has hit a high of Rs 646.0 and low of Rs 627.5 so far during the session. The stock had closed at Rs 623.55 in the previous session.
The counter has had a total traded volume of 118922 shares so far with a value of Rs 7.59 crore on the NSE. It traded at a price-to-earnings multiple of 71.44 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 65.09 per cent during the past one year, while the 30-share index advanced 20.9 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 30-Jun-2024, while FIIs and domestic institutional investors ownership stood at 27.19 per cent and 13.71 per cent, respectively.
Key Financials The firm reported consolidated sales of Rs 1596.27 crore for the quarter ended 30-Jun-2024, down 18.2 per cent from the previous quarter's Rs 1951.46 crore and down 5.32 per cent from the year-ago quarter's Rs 1515.7 crore.
Profit for the latest quarter stood at Rs 248.39 crore, up 11.67 per cent from the same quarter a year ago.
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