Indian Hotels Company was down 0.86% to Rs 131.85 at 11:37 IST on BSE after the company's promoters exchanged shares via bulk deals yesterday, 15 March 2018.
Meanwhile, the S&P BSE Sensex was down 221.57 points or 0.66% at 33,463.97.
On the BSE, 19,000 shares were traded on the counter so far as against the average daily volumes of 15.04 lakh shares in the past one quarter. The stock had hit a high of Rs 134.50 and a low of Rs 131.40 so far during the day. The stock had hit a record high of Rs 160.60 on 23 January 2018 and a 52-week low of Rs 101.41 on 22 August 2017.
The large-cap company has equity capital of Rs 118.93 crore. Face value per share is Rs 1.
Indian Hotels Company (IHCL) witnessed promoter holding rejig through open market transactions on 15 March 2018 on the BSE at an average price of Rs 130.40 per share. Sir Ratan Tata Trust sold 1.10 crore shares. Sir Dorabji Tata Trust offloaded 5.02 crore shares. Lady Tata Memorial Trust disposed of 1.77 crore shares. Tata Sons purchased 7.89 crore shares. Sir Ratan Tata Trust held 0.93%, Sir Dorabji Tata Trust 4.22%, Lady Tata Memorial Trust 1.49% and Tata Sons controlled 29.79% stake end December 2017.
On a consolidated basis, IHCL's net profit rose 12% to Rs 112.61 crore on 5.8% growth in net sales to Rs 1197.26 crore in Q3 December 2017 over Q3 December 2016.
The Indian Hotels Company (IHCL) and its subsidiaries, collectively known as Taj Group, is one of Asia's largest and finest group of hotels.
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