Indian Hotels shares decline 8.9% as Sensex slides

Shares of the Indian Hotels Company Ltd. traded at Rs 525.6 on BSE at 12:53PM (IST) on Tuesday, down 8.9 per cent from previous close.

The scrip quoted a 52-week low price of Rs 371.45 and a high of Rs 622.25.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 309,817 lakh shares changed hands on the counter till 12:53PM (IST).

The stock of Indian Hotels Company Ltd. commands a market value of Rs 81057.35 crore.

The stock traded at a price-to-earning (P/E) multiple of 64.38, while the price-to-book value ratio stood at 8.9. Return on equity (ROE) was at 13.31 per cent, according to exchange data.

In the BSE500 pack, 9 stocks traded in the green, while 492 stocks were in the red.

Promotor Holding
Promoters held 38.12 per cent in the Indian Hotels Company Ltd. as of 31-Mar-2024 while foreign portfolio investors and domestic institutional investors owned 24.47 per cent and 20.65 per cent, respectively.