Share price of Indian Hotels jumps as Sensex gains 115.93 points

The share price of Indian Hotels Company Ltd. gained 1.25 per cent to Rs 549.4 at 10:30AM (IST) in Tuesday's trade. The scrip has hit a high of Rs 551.25 and low of Rs 543.35 so far during the session. The stock had closed at Rs 542.6 in the previous session.

The counter has had a total traded volume of 72530 shares so far with a value of Rs 3.97 crore on the NSE. It traded at a price-to-earnings multiple of 66.57 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 74.55 per cent during the past one year, while the 30-share index advanced 20.51 per cent during the same period.

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

Promotor/FII Holding
Promoters held 38.12 per cent stake in the company as of 31-Dec-2023, while FIIs and domestic institutional investors ownership stood at 23.28 per cent and 17.16 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 2003.64 crore for the quarter ended 31-Dec-2023, up 35.3 per cent from the previous quarter's Rs 1480.87 crore and up 14.92 per cent from the year-ago quarter's Rs 1743.51 crore.

Profit for the latest quarter stood at Rs 451.95 crore, up 18.09 per cent from the same quarter a year ago.

(You can now subscribe to our ETMarkets WhatsApp channel)