As of 30-Jun-2024, promoters held 38.12 per cent stake in the company, while FIIs held 27.19 per cent and domestic institutional investors had 13.71 per cent.

Indian Hotels stock price down 0.9 per cent as Sensex climbs

A total of 168,162 shares changed hands on the counter till 12:07PM (IST)

Indian Hotels shares decline 3.39% as Sensex slides

On the technical charts, the RSI of the stock stood at 57.02.

Indian Hotels shares gain 0.46% as Sensex falls

A total of 32,454 shares changed hands on the counter till 01:09PM (IST)

Indian Hotels shares decline 0.95% as Sensex climbs

Buzzing Stocks Today, Stocks that will see action today: August 1, 2024 -- Infosys, Wipro, Automobile companies, SIS, Graphite India, Bharat Forge, Godfrey Phillips, Indian Hotels, Oil PSUs, GE Powe

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The Relative Strength Index of the stock stood at 60.35 on Wednesday.

Indian Hotels shares fall 0.71 per cent in Wednesday’s trading session

The Relative Strength Index of the stock stood at 61.18 on Tuesday.

Indian Hotels shares fall 1.1 per cent in Tuesday’s trading session

Short covering refers to the buying of shares to close an existing short position, signaling a shift from extreme bearishness to bullishness. In Monday’s trading session, five stocks saw short covering. Here’s the list: Bullish Shift

Indiamart Intermesh, Indian Hotels among 5 stocks with short covering - Bullish Shift

Promoters held 38.12 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 27.19 per cent and 13.71 per cent, respectively.

Share price of Indian Hotels falls as Sensex gains 499.03 points

Bullish outlook for Indian Hotels, with potential rise to ₹685; traders advised to go long at ₹647 with stop-loss at ₹628.

Stock to buy today: Indian Hotels (₹647.30): BUY

More hoteliers could expand in Bihar and Odisha as budget proposals encouraged tourism development. Indian Hotels Company and Radisson have already launched new projects in the region, citing growing opportunities. Hotel chains are aligning with government initiatives, which aim to improve infrastructure and attract tourists. The hospitality industry anticipates further growth with enhanced connectivity and upgraded pilgrimage sites.

Hotels plan to make room in Bihar, Odisha

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The Indian Hotels Company Limited is a holding company engaged in short-term accommodation activities, and restaurants and mobile food service activities.