Share price of Indian Hotels falls as Sensex gains 215.49 points

The share price of Indian Hotels Company Ltd. dropped 0.17 per cent to Rs 326.2 at 01:10PM (IST) in Monday's trade. The scrip has hit a high of Rs 329.0 and low of Rs 324.5 so far during the session. The stock had closed at Rs 326.75 in the previous session.

The counter has had a total traded volume of 80577 shares so far with a value of Rs 2.63 crore on the NSE. It traded at a price-to-earnings multiple of 61.92 and a price-to-book ratio of 4.79.

A higher P/E ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 28.45 per cent during the past one year, while the 30-share index slipped -0.93 per cent during the same period.

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

Promotor/FII Holding
Promoters held 38.19 per cent stake in the company as of 31-Dec-2022, while FIIs and domestic institutional investors ownership stood at 19.0 per cent and 21.46 per cent, respectively.

Key Financials
The firm 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.

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