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Indian Hotel Company strengthens as its arm Taj Group plans to open two hotels in China

30 May 2013 Evaluate

Indian Hotels Company is currently trading at Rs. 53.10, up by 0.40 points or 0.76% from its previous closing of Rs. 52.70 on the BSE.

The scrip opened at Rs. 52.35 and has touched a high and low of Rs. 53.35 and Rs. 52.35 respectively. So far 10083 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 71.75 on 18-Oct-2012 and a 52 week low of Rs. 51.30 on 12-Nov-2012.

Last one week high and low of the scrip stood at Rs. 55.05 and Rs. 52.55 respectively. The current market cap of the company is Rs. 4307.87 crore.

The promoters holding in the company stood at 37.53% while Institutions and Non-Institutions held 36.91% and 25.53% respectively.

Indian Hotel Company’s (IHC's) arm, Taj Group is planning to open 'Taj' and 'Vivanta by Taj' in Kunming, the capital and largest city in the Yunnan province in South-West China. With this initiative, the entity aims to enable the hospitality major gain more than a toehold in the Chinese market. The company had signed an agreement with the Yunnan Tourism Company in January 2012 to construct, develop, operate and manage two hotels in the Kunming Expo Garden.

IHC, which runs the Taj Group of hotels, has decided to invest in a Taj Hotel, with approximately 200 rooms, and a Vivanta by Taj Hotel, with approximately 300 rooms, in the Kunming Expo Garden in the Yunnan province.

Indian Hotel Share Price

659.55 6.25 (0.96%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Indian Hotel 659.55
ITC Hotels 162.45
EIH 321.55
Chalet Hotels 778.90
Mahindra Holi.&Resor 272.70
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