Indian Hotels is currently trading at Rs. 61.60, up by 0.50 points or 0.82% from its previous closing of Rs. 61.10 on the BSE.
The scrip opened at Rs. 61.75 and has touched a high and low of Rs. 62.00 and Rs. 61.00 respectively. So far 34780 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 102.80 on 12-Jan-2011 and a 52 week low of Rs. 51.00 on 22-Dec-2011.
Last one week high and low of the scrip stood at Rs. 62.00 and Rs. 57.40 respectively. The current market cap of the company is Rs. 4682.15 crore.
The promoters holding in the company stood at 33.58% while Institutions and Non-Institutions held 38.57% and 27.81% respectively.
Indian Hotels Company has signed a memorandum of co-operation (MoC) to form a joint venture with China-based Yunnan Tourism for developing two hotels in the Yunnan province of South-West China. The MoC has been done with the support of Strategic European Investment Management (SEIM) which is the representative of IHCL in China.
According to the agreement, the joint venture will develop, construct, operate and manage two hotels under the brands ‘Taj’ and ‘Vivanta by Taj’ in Kunming Expo Garden in Southwest China.
Kunming Expo is a major communication and transport hub in China having good connectivity with the domestic Chinese tourism circuit.
Taj already has management contracts for ‘Taj Temple of Heaven Beijing’, in close proximity to the Temple of Heaven Park in Beijing. It will also manage a 300-key luxury resort in Hainan Island, the premium resort destination in China.
| Company Name | CMP |
|---|---|
| Indian Hotel | 659.55 |
| ITC Hotels | 162.45 |
| EIH | 321.55 |
| Chalet Hotels | 778.90 |
| Mahindra Holi.&Resor | 272.70 |
| View more.. | |
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