Indian Hotels Company Limited (IHCL) saw a slight increase in its stock price, trading at Rs. 712.90, marking a gain of 1.40 points or 0.20% from its previous closing price of Rs. 711.50 on the Bombay Stock Exchange (BSE).

The stock opened at Rs. 714.75 and fluctuated between a high of Rs. 717.25 and a low of Rs. 707.40 during the day. So far, 16,854 shares have changed hands on the market.

A BSE Group 'A' stock with a face value of Rs. 1, the company recently hit a 52-week high of Rs. 720.60 on September 24, 2024, while its lowest in the past year was Rs. 371.45 on October 27, 2023. Over the last week, the stock reached a high of Rs. 720.60 and a low of Rs. 671.05. The company's market capitalization now stands at Rs. 1,01,675.76 crore.

The shareholding pattern of IHCL shows promoters holding 38.12%, with institutions and non-institutions holding 45.62% and 16.27%, respectively.

In a significant development, IHCL has signed a new SeleQtions hotel along Chennai’s East Coast Road (ECR). The hotel will be part of an eco-friendly township sprawling over 30 acres. With this addition, IHCL will now have 22 hotels in Tamil Nadu, including six properties currently under development.

Situated in a scenic green township on ECR, the new 120-room hotel will offer multiple dining options, such as an all-day restaurant, a specialty dining venue, a bar, and a lounge. It will also feature amenities including a gym, swimming pool, and spa.

IHCL, also known as Taj Hotels Resorts and Palaces, is recognized as one of Asia’s leading hotel companies, catering to various market segments, from luxury to budget.