Indian Hotels Company fell 2.13% to Rs 59.60 at 11:02 IST on BSE after the company reported consolidated net loss of Rs 33.36 crore in Q1 June 2012, higher than net loss of Rs 22.27 crore in Q1 June 2011.
The company announced the first quarter results after market hours on Wednesday, 8 August 2012.
Meanwhile, the BSE Sensex was up 62.47 points or 0.35% to 17,663.03.
On BSE, 40,000 shares were traded in the counter as against average daily volume of 93,151 shares in the past one quarter.
The stock hit a high of Rs 60.25 and a low of Rs 58.60 so far during the day. The stock had hit a 52-week low of Rs 51 on 22 December 2011. The stock had hit a 52-week high of Rs 80 on 17 February 2012.
The stock had underperformed the market over the past one month till 8 August 2012, falling 4.62% compared with the Sensex's 0.45% rise. The scrip had also underperformed the market in past one quarter, rising 1.25% as against Sensex's 6.37% rise.
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The mid-cap company has equity capital of Rs 80.75 crore. Face value per share is Re 1.
Indian Hotels Company's net sales rose 19.8% to Rs 852.57 crore in Q1 June 2012 over Q1 June 2011.
The Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces. Incorporated by the founder of the Tata Group, Jamsetji N. Tata, Taj Hotels Resorts and Palaces comprises 93 hotels in 55 locations across India with an additional 16 international hotels in the Maldives, Malaysia, Australia, UK, USA, Bhutan, Sri Lanka, Africa and the Middle East.
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