Indian Hotels Company rose 1.83% to Rs 128.25 at 9:40 IST on BSE after the company said that it has scheduled a board meeting on 21 August 2017 for considering various fund raising options.
The announcement was made after market hours yesterday, 16 August 2017.Meanwhile, the S&P BSE Sensex was up 96.64 points, or 0.3%, to 31,867.53.
On the BSE, 25,758 shares were traded in the counter so far, compared with average daily volume of 1.43 lakh shares in the past one quarter. The stock had hit a high of Rs 134.30 and a low of Rs 126.75 so far during the day. The stock had hit a 52-week high of Rs 145.65 on 18 May 2017. The stock had hit a 52-week low of Rs 88.80 on 21 November 2016.
The stock had outperformed the market over the past one month till 16 August 2017, gaining 1.49% compared with the Sensex's 0.78% decline. The stock had, however, underperformed the market over the past one quarter, declining 12.75% as against the Sensex's 3.89% rise. The scrip had also underperformed the market over the past one year, dropping 1.33% as against the Sensex's 13.21% rise.
The large-cap company has an equity capital of Rs 98.93 crore. Face value per share is Re 1.
On a consolidated basis, Indian Hotels Company reported net loss of Rs 24.96 crore in Q1 June 2017 as compared with net loss of Rs 169.45 crore in Q1 June 2016. Net sales fell 4.2% to Rs 907.30 crore in Q1 June 2017 over Q1 June 2016.
Indian Hotels Company and its subsidiaries, collectively known as Taj Group, are engaged in the business of owning, operating & managing hotels, palaces and resorts. The company is a Tata group company.
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