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EIH rises on plan of inaugurating three new hotels in 2016

01 Jun 2015 Evaluate

EIH is currently trading at Rs. 105.20, up by 0.55 points or 0.53% from its previous closing of Rs. 104.65 on the BSE.

The scrip opened at Rs. 105.05 and has touched a high and low of Rs. 106.35 and Rs. 103.35 respectively. So far 2684 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 2 has touched a 52 week high of Rs. 130.80 on 03-Dec-2014 and a 52 week low of Rs. 79.80 on 30-May-2014.

Last one week high and low of the scrip stood at Rs. 106.40 and Rs. 102.20 respectively. The current market cap of the company is Rs. 6035.77 crore.

The promoters holding in the company stood at 35.25% while Institutions and Non-Institutions held 15.93% and 48.77% respectively.

EIH is looking to make operational three hotels in the first six months of calendar year 2016. The three hotels set to be operational are - The Oberoi Al Zorah at the United Arab Emirates (UAE); The Oberoi, Marrakech in Morocco and The Oberoi Sukhvilas at Chandigarh. The hotel will be managed by a wholly owned overseas subsidiary of the company.

EIH is engaged in business of operating and managing luxury hotels, restaurants, management contracts and travel and tours.

 

Peers
Company Name CMP
The Indian Hotels Co 718.85
ITC Hotels 154.15
Mahindra Holi.&Resor 195.10
EIH 294.20
Chalet Hotels 852.00
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