Mumbai, September 4 (Kiran News): Shares of Indian Hotels Company Limited (IHCL) edged higher on Thursday after the hospitality major announced the signing of a greenfield Gateway hotel project in Dwarka, New Delhi.
The stock was trading at ₹775.75 on the BSE, up by ₹2.05 or 0.26% from its previous close of ₹773.70. The scrip opened at ₹785.95 and touched an intraday high of ₹790.00 and a low of ₹773.00. A total of 46,625 shares were traded during the session.
IHCL’s market capitalisation currently stands at ₹1,10,173.65 crore. The stock has a 52-week high of ₹894.15 recorded on December 30, 2024, and a 52-week low of ₹646.50 on October 7, 2024. Over the past week, it has traded between ₹790.00 and ₹755.55.
Promoters hold 38.12% in the company, while institutional investors own 45.69% and non-institutional investors 16.19%.
The upcoming 158-key Gateway Dwarka, New Delhi, is being developed in partnership with real estate firm Omaxe as part of a public-private-partnership model with the Delhi Development Authority (DDA). The project, part of The Omaxe State, is expected to be completed by 2027 and will feature premium lifestyle offerings along with advanced sporting infrastructure.
IHCL said the hotel will expand its Gateway brand presence in the capital and strengthen its foothold in a fast-growing micro market.
Indian Hotels Company and its subsidiaries, collectively known as Taj Hotels Resorts and Palaces, operate across the luxury, premium, midmarket, and value hospitality segments and are recognised among Asia’s leading hotel groups.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.