EIH declines after weak Q1 outcome

EIH fell 2.69% at Rs 97.50 at 13:48 IST on BSE after net profit declined 39.2% to Rs 6.41 crore on 5.2% rise in net sales to Rs 280.91 crore in Q1 June 2014 over Q1 June 2013.

The result was announced after market hours on Tuesday, 5 August 2014.

Meanwhile, the BSE Sensex was down 89.69 points, or 0.35%, to 25,817.76

On BSE, so far 60,760 shares were traded in the counter as against an average daily volume of 58,746 shares in the past one quarter.

The stock hit a high of Rs 99.65 and low of Rs 96.20 so far during the day. The stock had hit a 52-week high of Rs 105.85 on 11 June 2014. The stock had hit a 52-week low of Rs 43.30 on 7 August 2013.

The stock had outperformed the market over the past one month till 5 August 2014, rising 7.92% compared with 0.21% fall in the Sensex. The scrip had also outperformed the market in past one quarter, surging 32.02% as against Sensex's 15.43% rise.

The mid-cap company has an equity capital of Rs 114.31 crore. Face value per share is Rs 2.

EIH, under the aegis of The Oberoi Group, operates hotels and cruisers in five countries under the luxury 'Oberoi' and five-star 'Trident' brands. The group is also engaged in flight catering, airport restaurants, travel and tour services, car rentals, project management and corporate air charters.

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