Share price of Indian Hotels falls as Nifty strengthens

Shares of Indian Hotels Company Ltd. slipped 0.11 per cent to Rs 647.

45 in Friday's trade as of 01:20PM (IST). The stock hit a high price of Rs 652.25 and low of Rs 644.



35 during the session. The return on equity (ROE) for the stock stood at 13.31 per cent.

Traded volume on the counter stood at 01:20PM shares and turnover at Rs 1.54 crore around that time. The stock of Indian Hotels Company Ltd.

quoted a 52-week high and 52-week low prices of Rs 672.0 and Rs 371.45, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.56. Promotor/FII Holding Promoters held 38.

12 per cent stake in the company as of 30-Jun-2024, while overseas investors held 27.19 per cent and domestic institutional investors had 18.29 per cent.

Key Financials The company reported consolidated sales of Rs 1596.27 crore for the quarter ended 30-Jun-2024, down 18.2 per cent from previous quarter's Rs 1951.

46 crore and down 5.32 per cent from the year-ago quarter's Rs 1515.7 crore.

Net profit after tax for the latest quarter stood at Rs 248.39 crore, up 11.67 per cent from the same quarter a year ago.

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