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EIH slips on weak quarterly earnings

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EIH fell 1.36% at Rs 79.70 at 11:10 IST on BSE after net profit declined 38.83% to Rs 9.45 crore on 2.05% fall in net sales to Rs 237.42 crore in Q1 June 2012 over Q1 June 2011.

The result was announced after trading hours on Monday, 6 August 2012.

Meanwhile, the BSE Sensex was up 119.35 points, or 0.69%, to 17,532.31.

On BSE, 21,000 shares were traded in the counter as against an average daily volume of 25,312 shares in the past one quarter.

The stock hit a high of Rs 80.50 and a low of Rs 78.25 so far during the day. The stock had hit a 52-week high of Rs 103 on 3 March 2012. The stock had hit a 52-week low of Rs 74.05 on 23 May 2012.

 

The stock had underperformed the market over the past one month until 6 August 2012, falling 0.68% compared with the Sensex's 0.62% fall. The scrip had, however, outperformed the market in past one quarter, falling 1.34% as against 3.46% rise in the Sensex.

The mid-cap company has an equity capital of Rs 114.31 crore. Face value per share is Rs 2.

EIH, under the aegis of The Oberoi Group, operates hotels and cruisers in five countries under the luxury 'Oberoi' and five-star 'Trident' brands. The Group is also engaged in flight catering, airport restaurants, travel and tour services, car rentals, project management and corporate air charters.

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First Published: Aug 07 2012 | 11:12 AM IST

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