Indian Hotels Company trades higher on the BSE

The Indian Hotels Company is currently trading at Rs. 313.90, up by 1.85 points or 0.59% from its previous closing of Rs. 312.05 on the BSE.

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Indian Hotels Company

The scrip opened at Rs. 314.00 and has touched a high and low of Rs. 322.00 and Rs. 312.10 respectively. So far 304739 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 348.70 on 06-Oct-2022 and a 52 week low of Rs. 171.15 on 29-Nov-2021.

Last one week high and low of the scrip stood at Rs. 348.00 and Rs. 304.40 respectively. The current market cap of the company is Rs. 44692.87 crore.

The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 45.57% and 16.24% respectively.

Indian Hotels Company (IHCL) has continued endeavour to reduce carbon footprint with 35 per cent of its hotels in south India utilizing energy from renewable sources. This is in line with IHCL’s commitment towards energy conservation and long term goal of deriving no less than 50 per cent of energy across all hotels from renewable sources by 2030.

With the knowledge that the adoption of sustainable initiatives begins with the very design of a hotel, IHCL has undertaken a number of measures to ensure the utilization of climate-responsive elements such as glass, insulation, ventilation, and daylighting, which results in the reduction of air conditioning requirements by up to 30 per cent.

The company is also using energy-efficient technology for cooling, hot water, and lighting such as solar hot water systems, heat pumps and recovering waste heat for hot water to reduce energy consumption by over 60 per cent.

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.

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