The Indian Hotels Company is currently trading at Rs. 102.00, up by 0.60 points or 0.59 % from its previous closing of Rs. 101.40 on the BSE.
The scrip opened at Rs. 101.60 and has touched a high and low of Rs. 102.60 and Rs. 100.65 respectively. So far 22637 shares were traded on the counter.
The promoters holding in the company stood at 37.53 % while Institutions and Non-Institutions held 38.40 % and 24.04 % respectively.
The new hotels would be launched under the company’s four brands Taj, Vivanta by Taj, Gateway and Ginger. The launches would be under various models viz. ownership, management contracts and joint ventures, according to an Indian Hotels Company presentation.
Last financial year, the company inaugurated seven properties (1,060 rooms overall), but did not launch any property under the Taj brand.
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