Indian Hotels Share Price: Share price of Indian Hotels jumps as Sensex drops 245.58 points
The share price of Indian Hotels Company Ltd. gained 0.58 per cent to Rs 709.0 at 11:51AM (IST) in Tuesday’s trade. The scrip has hit a high of Rs 712.3 and low of Rs 702.9 so far during the session. The stock had closed at Rs 704.9 in the previous session.
The counter has had a total traded volume of 15810 shares so far with a value of Rs 1.11 crore on the NSE. It traded at a price-to-earnings multiple of 78.39 and a price-to-book ratio of 8.9.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth…
