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Monday, 21 November 2016

Indian Hotels Co Ltd is currently trading at Rs 90.3, down by Rs 0.75 or 0.82% from its previous closing of Rs 91.05 on the BSE after the Taj group’s hospitality arm got some interim relief from the Supreme Court today.

The apex court has barred the New Delhi Municipal Corporation (NDMC) from initiating any action against the Taj Group to vacate the property which currently houses the Mansingh Hotel in the national capital, until further direction.

The scrip opened at Rs 91.2 and has touched a high and low of Rs 91.75 and Rs 89.35 respectively. So far 408272 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 9007.34 crore.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 143 on 14-Jul-2016 and a 52 week low of Rs 88.5 on 24-Nov-2015. Last one week high and low of the scrip stood at Rs 100 and Rs 89.7 respectively. The promoters holding in the company stood at 38.65 % while Institutions and Non-Institutions held 38.89 % and 22.46 % respectively. The stock is currently trading below its 100 DMA.

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