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Indian Hotels Company gains as its arm signs new hotel in Uttar Pradesh

Indian Hotels Company is currently trading at Rs. 155.55, up by 0.55 points or 0.35% from its previous closing of Rs. 155.00 on the BSE.

The scrip opened at Rs. 156.00 and has touched a high and low of Rs. 157.75 and Rs. 155.10 respectively. So far 13816 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 164.10 on 26-Jun-2019 and a 52 week low of Rs. 121.15 on 22-Aug-2019.

Last one week high and low of the scrip stood at Rs. 158.00 and Rs. 144.80 respectively. The current market cap of the company is Rs. 18570.27 crore.

The promoters holding in the company stood at 39.09%, while Institutions and Non-Institutions held 41.11% and 19.80% respectively.

Indian Hotels Company’s (IHCL) subsidiary — Roots Corporation’s Ginger has signed a new hotel in city of Varanasi in Uttar Pradesh. The hotel is centrally located near the railway station. It will have 65 rooms, an all-day dining restaurant, a meeting room and a fitness centre.

The hotel is a fully fitted lease and is slated to commence operations in 2022. With the signing of this hotel, IHCL will have 3 hotels in Varanasi.

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