Tuesday, June 24, 2008

Indian Hotels declines on flat Q4 numbers

Indian Hotels Company declined 2.53% to Rs 90.90 at 12:30 IST on BSE on reporting 0.3% rise in net profit to Rs 134.88 crore on 10.4% rise in sales to Rs 557.63 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 94 and a low of Rs 91.10 so far during the day. The stock had a 52-week high of Rs 163.80 on 2 January 2008 and a 52-week low of Rs 92.50 on 23 June 2008.

The Tata Group mid-cap hospitality firm has an equity capital of Rs 72.34 crore. Face value per share is Rs 1.

The current price of Rs 90.90 discounts its Q4 March 2008 annualised EPS of Rs 8.95, by a PE multiple of 10.15.

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 India and overseas.

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