Shares of Indian Hotels rise as Nifty gains
Indian Hotels Company Ltd. gained 0.48 per cent to Rs 417.15 in Tuesday's trade as of 11:06AM (IST). It hit a high of Rs 422.0 and low of Rs 416.8 during the session.
The stock quoted a 52-week high price of Rs 436.25 and a low of Rs 280.2. The return on equity for the stock stood at 12.56 per cent. About 13,262 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.56.
The scrip has been an outperformer, up 23.73 per cent in the past one year in comparison with a 13.18 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 280.2 on October 10, while the 50-DMA was at Rs 405.44.
If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 38.19 per cent stake in Indian Hotels Company Ltd.
