Indian Hotels shares up 0.45% as Nifty gains

NEW DELHI: Shares of Indian Hotels Company Ltd. traded 0.45 per cent up in Wednesday's trade at 10:52AM (IST). Around 17,457 shares changed hands on the counter.

The stock opened at Rs 320.0 and touched an intraday high and low of Rs 323.15 and Rs 318.3, respectively, in the session so far. The stock of Indian Hotels Company Ltd. quoted a 52-week high of Rs 348.7 and a 52-week low of Rs 207.25.

As per BSE, the total market cap of the Indian Hotels Company Ltd. stood at Rs 45594.85 crore at the time of writing this report.

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

The net profit for latest quarter stood at Rs 382.71 crore, up 403.5 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2022, DIIs held 21.46 per cent stake in the firm, while foreign institutional investors held 19.0 per cent and the promoters 38.19 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 60.91 and a price-to-book ratio of 4.79. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Indian Hotels Company Ltd. belongs to the Hotels & Resorts industry.