On Tuesday, Indian Hotels Company Ltd. saw its shares go up by 0.24% to Rs 846.95 at 12:07 PM (IST). This happened while the BSE Sensex fell by 287.28 points, reaching 78,252.27. Just yesterday, the stock closed at Rs 844.90.
The highest price for this stock in the past year was Rs 894.15, while the lowest was Rs 450.00. Up to that point, 28,358 shares were traded, amounting to a total of Rs 2.41 crore.
Currently, the stock price is 72.16 times higher than the earnings per share of Rs 11.75 from the last 12 months. This high price-to-earnings (P/E) ratio means investors expect the company to grow in the future. The price-to-book (P/B) value is 8.90, showing how much investors are willing to pay based on a company’s real worth, even if there’s no growth.
The stock also has a Beta value of 0.5610, indicating it’s less volatile compared to the market.
Shareholding Breakdown: As of September 30, 2024, promoters own 38.12% of the company, Foreign Institutional Investors (FIIs) hold 27.43%, and Domestic Institutional Investors (DIIs) possess 13.89%.
Technical Overview: The Relative Strength Index (RSI) for the stock is at 51.77. The RSI measures if a stock is overbought or oversold. An RSI above 70 means it’s overbought, while below 30 means it’s oversold. However, investors shouldn’t rely solely on RSI; they should consider multiple factors for making decisions.
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