Trending stocks: Indian Hotels shares jump nearly 5%

NEW DELHI: Shares of Indian Hotels Company Ltd. traded 4.61 per cent up in Friday's trade at 11:47AM (IST). Around 154,237 shares changed hands on the counter.

The stock opened at Rs 86.15 and touched an intraday high and low of Rs 88.85 and Rs 84.6, respectively, in the session so far. Shares of the company of Indian Hotels Company Ltd. quoted a 52-week high of Rs 164.1 and a 52-week low of Rs 62.1.

Total market cap of the Indian Hotels Company Ltd. stood at Rs 10453.58 crore at the time of writing this report.


Hospitality major Indian Hotels Company said sales, revenue and profitability of the company will be impacted for the first and second quarter of the current fiscal year due to the impact of COVID-19 pandemic.


Key Financials
The company reported consolidated net sales of Rs 1372.72 crore for the quarter ended 31-Dec-2019, up 36.26 per cent from previous quarter's Rs 1007.44 crore and up 3.72 per cent from the year-ago quarter's Rs 1323.45 crore.

The net profit for latest quarter stood at Rs 203.13 crore, up 25.56 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 24.85 per cent stake in the company, while foreign institutional investors held 11.61 per cent and the promoters 40.75 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 26.46 and a price-to-book ratio of 2.03. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

Indian Hotels Company Ltd. belongs to the Hotels & Resorts industry.