Share price of Indian Hotels falls as Sensex drops 89.69 points

Promoters held 38.12 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 27.19 per cent and 13.71 per cent, respectively.

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The share price of Indian Hotels Company Ltd. dropped 1.11 per cent to Rs 677.

1 at 01:02PM (IST) in Tuesday's trade. The stock has hit a high of Rs 690.65 and low of Rs 676.



2 so far during the session. The stock had closed at Rs 684.75 in the previous session.

The counter has had a total traded volume of 64555 shares so far with a value of Rs 4.4 crore on the NSE . It traded at a price-to-earnings multiple of 74.

99 and a price-to-book ratio of 8.9. A higher P/E 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 64.7 per cent during the past one year, while the 30-share index advanced 24.

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Promotor/FII Holding Promoters held 38.12 per cent stake in the company as of 30-Jun-2024, while foreign investors and domestic institutional investors ownership stood at 27.19 per cent and 13.

71 per cent, respectively. 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 the previous quarter's Rs 1951.46 crore and down 5.32 per cent from the year-ago quarter's Rs 1515.

7 crore. Profit for the latest quarter stood at Rs 248.39 crore, up 11.

67 per cent from the same quarter a year ago. (You can now subscribe to our ETMarkets WhatsApp channel ).