Indian Hotels shares up 0.87% as Nifty falls

Shares of Indian Hotels Company Ltd. rose 0.87 per cent to Rs 329.7 in Thursday's trade. It hit an intraday high of Rs 330.1 and low of Rs 325.25, respectively, during the day.

The stock quoted a 52-week high price of Rs 348.7 and low of Rs 189.0.

As of 11:02AM (IST), the counter saw total traded volume of 56,767 shares with a traded value of Rs 1.86 crore, according to NSE.

The stock had closed at Rs 326.85 in the previous session.

The scrip has advanced 3.13 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.57 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 62.38 while price-to-book ratio stood at 4.79. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Hotels & Resorts industry.

Promoter/FII Holding
Promoters held 38.19 per cent stake in the company as of 31-Dec-2022, while FII and MF ownership in the firm stood at 19.0 per cent and 21.46 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 1743.51 crore for the quarter ended 31-Dec-2022, up 38.64 per cent from the previous quarter's Rs 1257.57 crore and up 53.76 per cent from the year-ago quarter's Rs 1133.92 crore. Its net profit for the latest quarter stood at Rs 382.71 crore, up 403.5 per cent from the same quarter a year ago.