The Indian Hotels Company is trading at RS. 782.00, up by 2.45 points or 0.31% from its previous close of RS. 779.55 on the BSE.
The stock opened at RS. 779.95 and touched a high of RS. 782.50 and a low of RS. 776.45 during the day. A total of 7836 shares have been traded so far.
This 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. 571.15 on July 19, 2024. Over the past week, the scrip touched a high of RS. 785.75 and a low of RS. 769.00. The current market capitalization of the company stands at RS. 111170.06 crore.
The company's shareholding pattern includes 38.12% held by promoters, 46.14% by institutions, and 15.75% by non-institutions.
In a major development, Indian Hotels Company (IHCL) has signed a new greenfield hotel project in Mysuru, which will be branded under the Vivanta label. Located near the Hebbal Industrial Area, the upcoming 115-key Vivanta, Mysuru will feature an all-day dining restaurant, a bar, a fully equipped gym, a swimming pool, and dedicated meeting and event spaces.
With this addition, IHCL’s portfolio in Karnataka will grow to 26 hotels, including 12 currently under development.
Indian Hotels Company and its subsidiaries, collectively known as Taj Hotels Resorts and Palaces, are recognized among Asia’s largest and finest hospitality brands. The company operates across luxury, premium, midmarket, and value segments.