The scrip opened at Rs 573.0 and touched an intraday high and low of Rs 574.0 and Rs 569.5, respectively, in the session so far. The stock of Indian Hotels Company Ltd. quoted a 52-week high of Rs 622.25 and a 52-week low of Rs 363.1.
Total market cap of the Indian Hotels Company Ltd. stood at Rs 80957.71 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 1951.46 crore for the quarter ended 31-Mar-2024, down 2.6 per cent from previous quarter’s Rs 2003.64 crore and down 17.95 per cent from the year-ago quarter’s Rs 1654.54 crore.
The net profit for latest quarter stood at Rs 417.76 crore, up 27.26 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 15.92 per cent stake in the company, while foreign institutional investors held 24.47 per cent and the promoters 38.12 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 65.29 and a price-to-book ratio of 8.9. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
