Indian Hotels Company Share: Amid a stormy rise in the stock market, investors rushed to buy the shares of Indian Hotels Company Limited on Tuesday, the second trading day of the week. The shares of this Tata Group company rose 5 per cent to a new high of Rs 696.75 on the BSE in intra-day trading on Tuesday. This is the 52-week high of the stock. The stock closed at Rs 694.90. The stock closed 4.32% higher than the previous day. Let us tell you that in October 2023, the share price was at Rs 371.45. This was the 52-week low of the stock.
Shares of Indian Hotels Company Limited have climbed nearly 60 per cent in the calendar year 2024 so far as compared to a 13% rise in the BSE Sensex. With this, the market capitalization of Tata’s company has reached close to Rs 1 lakh crore.
Company’s June quarter results
Indian Hotels Company Limited expects double-digit revenue growth for the financial year 2024-25 (FY25). The company’s profit rose 10.25 percent to Rs 260.19 crore in the June quarter. The country’s largest hotel company had a profit of Rs 236.01 crore in the same quarter a year ago. The company’s income rose to Rs 1,596.27 crore during the quarter. It was Rs 1,515.70 crore in the same quarter of the last financial year. The total expenditure of the company also increased to Rs 1,267.78 crore. It was Rs 1,221.76 crore in the June quarter a year ago.
The company owns the Taj brand
Indian Hotels Company Limited owns the luxury hotel brand ‘Taj’. The company has a portfolio of 326 hotels, including 102 under construction globally across 4 continents, 13 countries and more than 130 locations. Talking about the shareholding pattern of the company, the promoters hold 38.12 percent stake. At the same time, the public shareholding is 61.88 percent.
