Indian Hotels rises 3.11% as Sensex climbs
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Synopsis
The stock traded at a P/E multiple of 69.97, while the price-to-book value ratio stood at 8.9.
By ETMarkets.com
Shares of Indian Hotels Company Ltd. traded at Rs 617.85 on BSE at 10:10AM (IST) on Thursday, up 3.11 per cent from previous close.
Earlier, shares of the company saw a gap up opening in the morning.
A total of 72,906 lakh shares changed hands on the counter till 10:10AM (IST).
The stock of Indian Hotels Company Ltd. commanded a market value of Rs 88096.22 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 69.97, 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, 317 stocks traded in the green, while 183 stocks were in the red.
The stock's beta value, which measures volatility in relation to the broader market, stood at 0.56.
Promotor/FII Holding
Promoters held 38.12 per cent in Indian Hotels Company Ltd. as of 31-Mar-2024 while overseas and domestic institutional investors owned 24.47 per cent and 15.92 per cent, respectively.
The 200-DMA of the stock stood at 506.18 on July 04, while the 50-DMA was at 586.3. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
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The scrip quoted a 52-week low price of Rs 371.45 and a high of Rs 663.4. Earlier, shares of the company saw a gap up opening in the morning.
A total of 72,906 lakh shares changed hands on the counter till 10:10AM (IST).
The stock of Indian Hotels Company Ltd. commanded a market value of Rs 88096.22 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 69.97, 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.
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In the BSE500 pack, 317 stocks traded in the green, while 183 stocks were in the red.
Stocks Recommendations
The stock's beta value, which measures volatility in relation to the broader market, stood at 0.56.
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Promotor/FII Holding
Promoters held 38.12 per cent in Indian Hotels Company Ltd. as of 31-Mar-2024 while overseas and domestic institutional investors owned 24.47 per cent and 15.92 per cent, respectively.
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Moving averagesThe 200-DMA of the stock stood at 506.18 on July 04, while the 50-DMA was at 586.3. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
(You can now subscribe to our ETMarkets WhatsApp channel)
