market

Indian Hotels shares rise 1.75 per cent in Monday's trading session



Shares of Indian Hotels Company Ltd. rose 1.75 per cent to Rs 482.15 in Monday’s trade as of 10:25AM (IST) even as the benchmark Nifty ruled at 21590.45, up 237.86 points.

The scrip had closed at Rs 473.85 in the previous session. The stock quoted a 52-week low of Rs 280.2 and a high of Rs 488.25. The company quoted a market-cap of Rs 69157.45 crore on the BSE.

On BSE, 85,211 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 62.85 times its trailing 12-month EPS of Rs 7.73 per share and 5.77 times its book value. The return on equity (ROE) stood at Rs 12.56.

Key Financials
For the quarter ended 30-Sep-2023, Indian Hotels Company Ltd. reported consolidated sales of Rs 1480.87 crore, down 17.76 per cent from the same quarter a year ago. The company reported 37.31 per cent YoY growth in net profit at Rs 166.92 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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