31 Aug 2024

Indian Hotels Company Shares Rise Following the Launch of Gateway Bekal in Kerala

Indian Hotels Company (IHCL) saw its stock trading at Rs. 651.95, marking an increase of 3.75 points or 0.58% from its previous close of Rs. 648.20 on the BSE. The stock opened at Rs. 650.00, with a high of Rs. 652.25 and a low of Rs. 644.35, with 34,081 shares being exchanged.

This BSE group 'A' stock, having a face value of Rs. 1, reached its 52-week high of Rs. 672.00 on 28-Aug-2024 and a 52-week low of Rs. 371.45 on 27-Oct-2023. Over the past week, the stock fluctuated between a high of Rs. 672.00 and a low of Rs. 641.70. The company currently has a market capitalization of Rs. 92,138.77 crore. Shareholding includes 38.12% held by promoters, 45.62% by institutions, and 16.27% by non-institutions.

IHCL recently expanded its portfolio by introducing Gateway Bekal in Kerala, an upscale hotel with 151 luxurious rooms, cottages, suites, and villas. The hotel offers a diverse range of dining experiences, including Earth Pavilion, an all-day diner, and High Tide, a bar known for its lively atmosphere and signature cocktails.

For events, Gateway Bekal features versatile banqueting spaces, including an amphitheatre, grand ballroom, banquet hall, and meeting rooms. Guests can enjoy various recreational amenities such as a pool bar, children's pool, jacuzzi, spa, and a fully-equipped gym. Other activities include birdwatching, local art and dance workshops, houseboat rides, and a scenic 1.5 km riverside jogging track.

Indian Hotels Company, along with its subsidiaries under the Taj Hotels Resorts and Palaces brand, is recognized as one of Asia's largest and most prestigious hotel companies, catering to the luxury, premium, midmarket, and value segments.