Indian Hotels Company inches up on signing first hotel in Assam under Ginger brand

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Indian Hotels Company

Indian Hotels Company is currently trading at Rs. 395.80, up by 0.25 points or 0.06% from its previous closing of Rs. 395.55 on the BSE.

The scrip opened at Rs. 395.00 and has touched a high and low of Rs. 397.05 and Rs. 392.60 respectively. So far 29774 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 405.20 on 19-Jun-2023 and a 52 week low of Rs. 263.45 on 23-Aug-2022.

Last one week high and low of the scrip stood at Rs. 401.90 and Rs. 378.80 respectively. The current market cap of the company is Rs. 56176.80 crore.

The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 45.82% and 15.99% respectively.

Indian Hotels Company (IHCL) has signed its first hotel in Jorhat, Assam under the Ginger brand. The hotel is a Greenfield project on a fully fitted lease. It will be designed around the brand’s lean luxe design and service philosophy of offering a vibrant, contemporary, and a seamless hospitality experience to its guests.

The 100-key hotel is strategically located on Club Road, adjacent to Jorhat Gymkhana, the third oldest golf club in the world, and a short driving distance from the airport. The hotel will feature Qmin, the signature all-day-diner offering a wide range of delectable culinary options. Additionally, there will be a well-equipped fitness center and meeting rooms. With the addition of this hotel, IHCL will have five hotels in Assam, including three under development.

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, midmarket and value segments of the market.