Indian Hotels Company gains on signing fifth Ginger hotel in Ahmedabad

05 Aug 2022 Evaluate

Indian Hotels Company is currently trading at Rs. 272.00, up by 1.55 points or 0.57% from its previous closing of Rs. 270.45 on the BSE.

The scrip opened at Rs. 266.65 and has touched a high and low of Rs. 273.90 and Rs. 266.65 respectively. So far 126027 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 275.50 on 04-Aug-2022 and a 52 week low of Rs. 128.99 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 275.50 and Rs. 263.00 respectively. The current market cap of the company is Rs. 38556.75 crore.

The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 44.76% and 17.05% respectively.

Indian Hotels Company (IHCL) has signed its fifth Ginger hotel in Ahmedabad. Located at Changodar, the hotel will be part of a mixed-use development project. This hotel is an operating lease with the Thakur Group of Companies. With the addition of this hotel, IHCL will have 17 hotels across brands in Gujarat including four under development.

Strategically located on the Ahmedabad-Rajkot national highway, the hotel will be within easy driving distance from the Sardar Vallabhbhai Patel International Airport. With over 95 rooms, the hotel will also feature an all-day diner and fitness centre. The hotel will have multiple conference rooms and a banqueting hall, making this the ideal location to host business meetings and events. This Brownfield project is slated to open in 2024.

Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, midmarket and value segments of the market.


Indian Hotel Share Price

589.50 5.25 (0.90%)
13-Jun-2024 13:25 View Price Chart
Peers
Company Name CMP
Indian Hotel 589.50
EIH 421.95
Mahindra Holi.&Resor 422.25
Chalet Hotels 842.65
Lemon Tree Hotels 143.75
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