Indian Hotels Company rises on signing 250th hotel in Saudia Arabia

02 Dec 2022 Evaluate

The Indian Hotels Company is currently trading at Rs. 325.70, up by 1.70 points or 0.52% from its previous closing of Rs. 324.00 on the BSE.

The scrip opened at Rs. 324.00 and has touched a high and low of Rs. 326.65 and Rs. 322.60 respectively. So far 77657 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 348.70 on 06-Oct-2022 and a 52 week low of Rs. 172.35 on 27-Dec-2021.

Last one week high and low of the scrip stood at Rs. 326.90 and Rs. 315.15 respectively. The current market cap of the company is Rs. 46184.29 crore.

The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 45.57% and 16.24% respectively.

Indian Hotels Company (IHCL) has signed its milestone 250th hotel in Saudia Arabia. The Taj-branded hotel is in partnership with the Diriyah Gate Development Authority (DGDA), who are responsible for the transformation of the historic city of Diriyah, The City of Earth, into a world-class mixed-use development. The hotel will be part of the Diriyah project, located in close proximity from downtown Riyadh, which envisions the location’s development as an international cultural and lifestyle destination inspired by the birth place of the Kingdom of Saudi Arabia.

Featuring a combination of 205 rooms and suites, the Taj hotel will overlook the picturesque valley and palm groves of Wadi Hanifah, whilst being in close proximity to other key entertainment and cultural attractions. The luxury hotel will include an all-day dining restaurant, in addition to two speciality restaurants. Banqueting and conferencing facilities will make this hotel the perfect destination for business travellers, while a swimming pool, gym, wellness centre and spa will cater to both, leisure and bleisure travellers.

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

591.50 -2.20 (-0.37%)
19-Apr-2024 11:58 View Price Chart
Peers
Company Name CMP
Indian Hotel 591.50
EIH 449.15
Mahindra Holi.&Resor 396.65
Chalet Hotels 856.70
Lemon Tree Hotels 135.45
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