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Indian Hotels Company rises on signing two Taj hotels in Bhutan

The Indian Hotels Company is currently trading at Rs. 404.90, up by 3.40 points or 0.85% from its previous closing of Rs. 401.50 on the BSE.

The scrip opened at Rs. 403.00 and has touched a high and low of Rs. 405.40 and Rs. 399.50 respectively. So far 28477 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 436.25 on 07-Sep-2023 and a 52 week low of Rs. 280.20 on 27-Jan-2023.

Last one week high and low of the scrip stood at Rs. 405.40 and Rs. 387.70 respectively. The current market cap of the company is Rs. 57107.17 crore.

The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 45.43% and 16.38% respectively.

Indian Hotels Company (IHCL) has signed two new Taj-branded hotels in Phobjikha and Paro, in Bhutan. These are Brownfield projects. The 45 Keys Taj Resort in Paro is spread over 7.6 acres surrounded by protected forests is a tranquil oasis in the lap of nature, graced by a stream running along the property. The idyllic retreat will offer an all-day diner, speciality restaurant and bar, complemented by recreational amenities including an indoor swimming pool, gym, spa and meeting facilities.

Nestled in the enchanting Phobjikha valley, 34 keys Taj resort spread over 3.5 acres will feature an all-day-diner, alfresco speciality restaurant, bar along with spa and fitness facilities. Phobjikha promises adventurous journeys, from mountain treks to visits to the venerable Gangtey Monastery, all amidst a serene environment that leaves a lasting impression.

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.



This post first appeared on Udaipur Kiran, please read the originial post: here

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Indian Hotels Company rises on signing two Taj hotels in Bhutan

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