Indian Hotels Share Price: Indian Hotels shares drop 1.27% as Sensex falls

Estimated read time 4 min read
Shares of Indian Hotels Company Ltd. traded 1.27 per cent down at Rs 574.1 at 12:37PM (IST) on Tuesday, even as BSE benchmark Sensex dropped 112.01 points to 75278.49. The stock had settled at Rs 581.5 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 622.25 and Rs 371.45, respectively.

As per BSE data, total traded volume on the counter till 12:37PM (IST) stood at 12:37PM shares with turnover at Rs 4.28 crore.

At the current price, the stock trades at 66.32 times its trailing 12-month earnings per share of Rs 8.85 per share and 8.9 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business. The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.56. Shareholding Details
Promoters held 38.12 per cent stake in the company as of 31-Mar-2024, while FIIs owned 24.47 per cent and DIIs 20.65 per cent.

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