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Indian Hotels Company trades in green on the bourses

Indian Hotels Company is currently trading at Rs. 158.55, up by 3.85 points or 2.49% from its previous closing of Rs. 154.70 on the BSE.

The scrip opened at Rs. 156.10 and has touched a high and low of Rs. 159.05 and Rs. 156.10 respectively. So far 1405 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. 110.00 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 161.50 and Rs. 150.35 respectively. The current market cap of the company is Rs. 18397.83 crore.

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

Anheuser Busch InBev (AB InBev) has signed an agreement with Indian Hotels Company (IHCL), to launch a premium chain of microbreweries within its marquee hotels across key locations in India. This collaboration is worth Rs 150 crore with plans to open 15 microbreweries over the next 5 years.

This exclusive partnership will leverage the collective strengths of the two leading companies to shape the future of quality craft beer in India.

Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia’s largest and finest hotel company. It operates in the luxury, premium, mid-market and value segments of the market.

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