Indian Hotels rose, amid volatility, as the company turned out good numbers.
The scrip closed on the BSE at Rs 248.55, up 5.08 per cent. In the late afternoon trades, the scrip was trading upwards by 1.97 per cent at Rs 241. It traded between a low of Rs 222.30 and a high of Rs 260. Volumes of 2.14 lakhs shares were registered on BSE.
In the 15 sessions between May 29 and June 19, the stock of the hotel major climbed 29 per cent to Rs 236.35 from Rs 183.
After market hours on Thursday, Indian Hotels reported that its net profit soared 172.8 per cent to Rs 25.64 crore in fourth quarter ended March 31, compared with Rs 9.40 crore in the corresponding period of the previous year.