New Delhi, November 4 (Udaipur Kiran): Shares of Indian Hotels Company (IHCL) traded higher on Monday after the hospitality major announced the launch of two new hotels under its Vivanta and Ginger brands in Ekta Nagar, Gujarat.
The stock was trading at Rs. 745.65, up Rs. 3.50 or 0.47% from its previous close of Rs. 742.15 on the BSE. The scrip opened at Rs. 742.95 and touched an intraday high of Rs. 746.35 and a low of Rs. 739.60, with 22,564 shares traded so far. The company’s market capitalisation stands at Rs. 1,05,426.51 crore.
The BSE group ‘A’ stock, with a face value of Re. 1, has recorded a 52-week high of Rs. 894.15 (on December 30, 2024) and a 52-week low of Rs. 651.35 (on November 5, 2024). Over the past week, the stock has traded between Rs. 753.95 and Rs. 734.85. The promoters hold 38.12%, while institutional investors and non-institutional investors own 45.68% and 16.21%, respectively.
The newly opened Vivanta Ekta Nagar, located just three kilometres from the Statue of Unity, offers a blend of modern design and IHCL’s signature hospitality. Surrounded by the Satpura and Vindhya ranges, the hotel features 127 rooms and suites that provide panoramic scenic views, catering to both leisure and business travellers.
With this addition, IHCL has strengthened its footprint in Gujarat, bringing its portfolio in the state to 39 hotels, including 17 under development.
Indian Hotels Company (IHCL) and its subsidiaries — collectively known as Taj Hotels Resorts and Palaces — are among Asia’s largest and most prestigious hospitality groups, operating across luxury, premium, mid-market, and value segments.
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