Shares of Indian Hotels Company Ltd. traded 0.45 per cent up on Wednesday to reach Rs 320.0 during intraday trading. Around 17,457 shares changed hands on the counter. This represents nearly a 400 per cent improvement compared to the company’s performance in the same quarter a year ago.
Indian Hotels Company Ltd. is a popular name in the hospitality industry of India, with operations across the country and overseas. With a market capitalization of Rs 45594.85 crore, the company has a strong track record with respect to financial performance and investor returns.
The stock is currently trading at a price-to-earnings ratio of 60.91 and a price-to-book ratio of 4.79, both of which may be indicative of investors having healthy expectations regarding the company’s growth in the future. The company’s ownership is divided between domestic institutions (DIIs) at 21.46%, foreign institutions at 19.0%, and promoters at 38.19%.
The share prices of Indian Hotels Company Ltd. are likely to remain favorable in the near future, as the Nifty 50 index gained on Wednesday. This may be a great opportunity for investors to be part of a leader in the hospitality industry of the country.