05 Mar 2025

Indian Hotels Company Stock Rises; Signs New Hotels in Ludhiana

The Indian Hotels Company is currently trading at RS 724.20, up by 7.30 points or 1.02% from its previous closing of RS 716.90 on the BSE.

The stock opened at RS 717.75 and reached a high of RS 727.55 and a low of RS 717.75. A total of 444 shares have been traded so far.

The BSE group 'A' stock, with a face value of RS 1, recorded a 52-week high of RS 894.15 on December 30, 2024, and a 52-week low of RS 507.45 on June 4, 2024. Over the past week, the stock's high and low stood at RS 732.50 and RS 703.10, respectively. The company’s market capitalization currently stands at RS 102045.86 crore.

The promoter holding in the company is 38.12%, while Institutions and Non-Institutions hold 46.34% and 15.54%, respectively.

In a strategic expansion move, Indian Hotels Company (IHCL) has signed agreements for a Gateway and a Ginger hotel in Ludhiana. These greenfield projects will be part of a mixed-use development. The 110-key Gateway Ludhiana will offer premium experiences, featuring an all-day dining restaurant, a bar, a gym, a swimming pool, and a 5,000 sq. ft. ballroom for events. Meanwhile, the 100-key Ginger Ludhiana will include the brand’s signature Qmin all-day dining, a bar, a modern gym, and a 1,000 sq. ft. banquet hall for social and business gatherings.

With these additions, IHCL will have five hotels in Punjab, including four under development.

Indian Hotels Company and its subsidiaries, collectively known as Taj Hotels Resorts and Palaces, are recognized as one of Asia’s largest and finest hospitality brands, operating across luxury, premium, midmarket, and value segments.