Indian Hotels shares up 0.69% as Nifty gains

NEW DELHI: Shares of Indian Hotels Company Ltd. traded 0.69 per cent up in Thursday's trade at 11:52AM (IST). Around 69,657 shares changed hands on the counter.

The stock opened at Rs 414.7 and touched an intraday high and low of Rs 418.75 and Rs 413.5, respectively, in the session so far. Shares of the company of Indian Hotels Company Ltd. quoted a 52-week high of Rs 436.25 and a 52-week low of Rs 280.2.

Total market cap of the Indian Hotels Company Ltd. stood at Rs 59230.69 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 1515.7 crore for the quarter ended 30-Jun-2023, down 8.39 per cent from previous quarter's Rs 1654.54 crore and down 17.21 per cent from the year-ago quarter's Rs 1293.19 crore.

The net profit for latest quarter stood at Rs 222.44 crore, up 30.81 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2023, domestic institutional investors held 19.27 per cent stake in the firm, while foreign institutional investors held 21.64 per cent and the promoters 38.19 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 56.14 and a price-to-book ratio of 5.77. 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.