Indian Hotels Company jumped 3.93% to Rs 105.70 at 15:51 IST on BSE on reports the firm paid Rs 44 crore advance tax in Q4 March 2008 as compared to just Rs 2 in Q4 March 2007.
A higher tax payment indicates higher net profit of the company in the quarter.
The scrip had touched a high of Rs 107.50 and a low of Rs 100.05 so far during the day. The stock had hit a 52-week high of Rs 163.80 on
The Tata Group-run mid-cap hospitality firm has an equity capital of Rs 72.34 crore. Face value per share is Rs 1.
At the current price of Rs 105.70, the scrip trades at a PE multiple of 11.83, based on Q3 December 2007 annualised EPS of Rs 8.93.
The net profit of Indian Hotels rose 31.2% to Rs 134.58 crore on 14.6% rise in sales to Rs 520.62 crore in Q3 December 2007 over Q3 December 2006.
Indian Hotels Company, better known as the Taj group of Hotels, was set up in the early twentieth century, has since emerged as one of the leading players in the domestic hospitality sector in
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