Indian Hotels Company rises on signing new SeleQtions hotel in Manali

The Indian Hotels Company is currently trading at Rs. 227.85, up by 4.35 points or 1.95% from its previous closing of Rs. 223.50 on the BSE.

indian hotels companys ginger adds new hotel in goa
indian hotels companys ginger adds new hotel in goa

The scrip opened at Rs. 225.90 and has touched a high and low of Rs. 229.10 and Rs. 224.50 respectively. So far 94445 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 268.85 on 04-May-2022 and a 52 week low of Rs. 128.99 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 229.10 and Rs. 207.25 respectively. The current market cap of the company is Rs. 32335.40 crore.

The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 44.67% and 17.14% respectively.

Indian Hotels Company (IHCL) has stepped into Manali, Himachal Pradesh with the signing of a new SeleQtions hotel. Located at Kullu-Manali Marg, the current Baragarh Resort & Spa will be converted to an IHCL SeleQtions resort post upgradation.

The resort is a management contract with the Khullar’s. With the addition of this hotel, IHCL will have three hotels across brands in Himachal Pradesh, including two under development.

The 33-room SeleQtions resort is located in the famous Baragarh Estate, nestled amidst fruit orchards and the picturesque Himalayan ranges.

It is well connected to the hill stations of Dharamshala and Shimla by road, the key metros of Chandigarh and New Delhi, and Bhuntar airport.

The resort will feature an all-day diner, open air restaurant and bar. It will also have banqueting and outdoor spaces, perfect for meetings and events.

Fitness facilities will include a gym, spa and swimming pool. The resort is slated to open in 2023.

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.

Leave a Comment