Indian Hotels shares fall 0.11 per cent in Tuesday's trading session

Shares of Indian Hotels Company Ltd. fell 0.11 per cent to Rs 371.0 in Tuesday's trade as of 01:07PM (IST) even as the benchmark Nifty ruled at 18403.35, up 88.95 points.

The scrip had closed at Rs 371.4 in the previous session. The stock quoted a 52-week low of Rs 207.25 and a high of Rs 377.8. The company quoted a market-cap of Rs 52661.34 crore on the BSE.

On BSE, 69,790 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 52.53 times its trailing 12-month EPS of Rs 7.06 per share and 5.77 times its book value. The return on equity (ROE) stood at Rs 12.56.

Key Financials
For the quarter ended 31-Mar-2023, Indian Hotels Company Ltd. reported consolidated sales of Rs 1654.54 crore, down 73.27 per cent from the same quarter a year ago. The company reported 342.47 per cent YoY growth in net profit at Rs 328.27 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.