EIH Associated Hotels declines on slight drop in Q3 bottomline

EIH Associated Hotels dropped 3.55% to Rs 494 at 15:00 IST on BSE after net profit fell 5.18% to Rs 19.81 crore on 0.99% rise in total income to Rs 87 crore in Q3 December 2017 over Q3 December 2016.

The result was announced during market hours today, 31 January 2018.

Meanwhile, the S&P BSE Sensex was down 38.95 points, or 0.11% at 35,994.78. The S&P BSE Small-Cap index was down 147.08 points, or 0.78% at 18,726.50, underperforming the Sensex.

On the BSE, 95,000 shares were traded on the counter so far as against the average daily volumes of 1.61 lakh shares in the past two weeks. The stock had hit a high of Rs 509 and a low of Rs 485 so far during the day. The stock had hit a 52-week high of Rs 635 on 16 January 2018 and a 52-week low of Rs 295.30 on 14 February 2017.

The primary business of the company is the ownership, management and operation of five star deluxe and five star hotels in major tourist destinations throughout India. EIH Associated Hotels is an associate company of EIH, the flagship company of The Oberoi Group, one of the largest and most well-known hospitality groups in India. Founded in 1934, The Oberoi Group operates 28 hotels and three cruisers in five countries under the luxury 'Oberoi' and five-star 'Trident' brands.

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