The stock opened at Rs 569.85 and touched an intraday high and low of Rs 579.0 and Rs 569.5, respectively, in the session so far. The stock of Indian Hotels Company Ltd. quoted a 52-week high of Rs 602.75 and a 52-week low of Rs 302.3.
As per BSE, the total market cap of the Indian Hotels Company Ltd. stood at Rs 81776.18 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 2003.64 crore for the quarter ended 31-Dec-2023, up 35.3 per cent from previous quarter’s Rs 1480.87 crore and up 14.92 per cent from the year-ago quarter’s Rs 1743.51 crore.
The net profit for latest quarter stood at Rs 451.95 crore, up 18.09 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 17.16 per cent stake in the company, while foreign institutional investors held 23.28 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 69.92 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.
