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EIH Associated Hotels jumps on getting nod to develop new banquet facility in Agra

19 May 2025 Evaluate

EIH Associated Hotels is currently trading at Rs. 382.65, up by 7.30 points or 1.94% from its previous closing of Rs. 375.35 on the BSE.

The scrip opened at Rs. 389.95 and has touched a high and low of Rs. 398.00 and Rs. 372.00 respectively. So far 7674 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 544.95 on 13-Aug-2024 and a 52 week low of Rs. 300.05 on 04-Mar-2025.

Last one week high and low of the scrip stood at Rs. 398.00 and Rs. 349.00 respectively. The current market cap of the company is Rs. 2337.52 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 13.70% and 11.30% respectively.

EIH Associated Hotels has received approval for development of new banquet facility at Trident, Agra. The proposed facility will be designed to host banquet functions, in line with the company's continued focus on enhancing guest experiences and expanding service offerings. 

The investment required for the facility is estimated at Rs 29 crore, is expected to be completed by November 2026. The Board of Directors of the Company, at its meeting held on May 16, 2025, has approved the same.

EIH Associated Hotels is into the business of running luxury hotels in India.


Peers
Company Name CMP
The Indian Hotels Co 726.00
ITC Hotels 162.05
Mahindra Holi.&Resor 200.20
EIH 294.90
Chalet Hotels 880.80
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