08 Nov 2024

Indian Hotels Company Rises 5% as It Opens New La Estoria Hotel in Goa’s Candolim Village

Indian Hotels Company’s shares are seeing a notable rise, currently trading at Rs. 718.00 on the BSE, marking an increase of 34.40 points or 5.03% from the previous close of Rs. 683.60. The stock opened at Rs. 709.95, reaching a high of Rs. 722.00 and a low of Rs. 694.00 during the session, with 112,299 shares traded so far.

This 'A' group stock, valued at Rs. 1 per share, hit a 52-week high of Rs. 722.00 on November 8, 2024, and a 52-week low of Rs. 403.10 on November 10, 2023. In the past week, it reached a high of Rs. 722.00 and a low of Rs. 651.35. The company's market capitalization is approximately Rs. 97,305.83 crore, with promoters holding 38.12% of shares, institutions 46.23%, and non-institutional investors 15.64%.

The launch of La Estoria, Goa - IHCL SeleQtions, located in the scenic village of Candolim, has sparked investor interest. The 122-room resort is a fusion of Goan-Portuguese architecture and modern design, providing each room with private balconies for a tranquil seaside experience. The resort's Trattoria restaurant offers classic Italian cuisine, while Canterbury Bar brings old-Goan charm. Additional amenities include a modern gym, a refreshing open pool lined with palm trees, and a serene spa.

This new property brings IHCL's presence in Goa to 16 hotels, including four under development. Indian Hotels Company, part of Taj Hotels Resorts and Palaces, is renowned as one of Asia's largest hospitality brands, with offerings spanning luxury, premium, midmarket, and value segments.