Share price of Indian Hotels falls as Sensex drops 510.12 points

Share price of Indian Hotels Company Ltd. dropped 1.45 per cent to Rs 407.0 at 12:17PM (IST) in Wednesday's trade. The counter hit a high of Rs 414.95 and low of Rs 405.4 so far during the session. The stock had closed at Rs 413.0 in the previous session.

The counter had a total traded volume of 12:17PM shares so far with a turnover of Rs 1.34 crore on BSE. The stock traded at a price-to-earnings multiple of 54.78 and a price-to-book ratio of 5.77.

A higher price-to-earnings 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 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.

Promotor/FII Holding
Promoters held 38.19 per cent stake in the company as of 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 21.64 per cent and 24.02 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 1515.7 crore for the quarter ended 30-Jun-2023, down 8.39 per cent from the previous quarter's Rs 1654.54 crore and down 17.21 per cent from the year-ago quarter's Rs 1293.19 crore.

Its profit for the latest quarter stood at Rs 222.44 crore, up 30.81 per cent from the same quarter a year ago.