Indian Hotels gains as Tata Sons hikes stake

Indian Hotels Company, one of Asia"s largest group of hotels, gained on Thursday after Tata Sons increased its stake in the company by acquiring 4.63million shares for about Rs 290 million through open market transactions. Shares of the company are trading at Rs 63.85, up Rs 0.95, or 1.51% at the Bombay Stock Exchange (BSE) on Thursday at 10:15 a.m.The scrip has touched an intra-day high of Rs 64.20 and low of Rs 63.10. The total volume of shares traded at the BSE is 50,097.In the earlier session, the shares gained 0.96%, or Rs 0.6, at Rs 62.90. Currently, the stock is trading down 20.19% from its 52-week high of Rs 80 and above 25.2% over the 52-week low of Rs 51.00.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 61.25 1.65 2.69 1 Month 60.75 2.15 3.54 3 Months 61.60 1.30 2.11 6 Months 63.85 (0.95) (1.49) 1 Year 69.90 (7.00) (10.01) Note: Based on previous day closing price.