Indian Hotels declines 2.73% as Sensex slides

Shares of Indian Hotels Company Ltd. traded at Rs 385.1 on BSE at 01:48PM (IST) on Thursday, down 2.73 per cent from previous close.

The scrip quoted a 52-week low price of Rs 207.25 and a high of Rs 399.4.

Earlier, shares of the company saw a opening in the morning.

A total of 117,873 lakh shares changed hands on the counter till 01:48PM (IST).

The stock of Indian Hotels Company Ltd. commanded a market value of Rs 54614.39 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 54.47, while the price-to-book value ratio stood at 5.77. Return on equity (ROE) was at 12.56 per cent, according to exchange data.

In the BSE500 pack, 173 stocks traded in the green, while 328 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.56.

Promotor/FII Holding
Promoters held 38.19 per cent in Indian Hotels Company Ltd. as of 31-Mar-2023 while foreign and domestic institutional investors owned 18.24 per cent and 22.29 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 325.34 on June 08, while the 50-DMA was at 353.71. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.