Share price of Indian Hotels jumps as Sensex drops 21.76 points
Indian Hotels Company Ltd. gained 0.15 per cent to Rs 658.75 at 12:32PM (IST) in Thursday's trade. The scrip has hit a high of Rs 663.2 and low of Rs 651.3 so far during the session. The stock had closed at Rs 657.7 in the previous session.
The counter has had a total traded volume of 22322 shares so far with a value of Rs 1.46 crore on the NSE. It traded at a price-to-earnings multiple of 72.9 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 66.79 per cent during the past one year, while the 30-share index advanced 22.43 per cent during the same period.
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