Indian Hotels Company’s share price surged to Rs. 741.75, marking a 3.96% gain or a 28.25-point rise from its prior closing rate of Rs. 713.50 on the BSE.

The stock opened at Rs. 710.45 and has ranged from a low of Rs. 709.80 to a high of Rs. 742.75 in today's session, with 233,345 shares exchanged so far. The BSE group 'A' stock, with a face value of Rs. 1, recently hit a 52-week high of Rs. 748.20 on November 11, 2024, and a 52-week low of Rs. 408.90 on November 16, 2023. Over the past week, it’s traded between Rs. 748.20 and Rs. 694.00, bringing the company’s market capitalization to Rs. 1,05,362.45 crore.

Promoters currently hold a 38.12% stake in the company, with institutional and non-institutional investors holding 46.23% and 15.64%, respectively.

Indian Hotels Company (IHCL) has expanded its footprint by signing a new 45-room Ginger hotel on Jallandhar beach in Diu, part of the Union Territory of Daman and Diu. The property, set on three acres along the coastline, will offer scenic ocean views along with amenities like a fully-equipped gym, a conference hall, and a swimming pool.

Known under the brand Taj Hotels Resorts and Palaces, IHCL and its subsidiaries represent one of Asia’s largest hospitality chains, with operations across luxury, premium, midmarket, and budget hotel segments.