Indian Hotels drops after weak Q2 outcome

Indian Hotels Company lost 3.47% to Rs 96 at 09:45 IST on BSE after the company reported a consolidated net loss of Rs 53.64 crore in Q2 September 2015 as compared to net loss of Rs 97.69 crore in Q2 September 2014.

The result was announced after market hours yesterday, 9 November 2015.

Meanwhile, the S&P BSE Sensex was down 127.53 points or 0.49% at 25,993.87

On BSE, so far 6,109 shares were traded in the counter as against average daily volume of 2.30 lakh shares in the past one quarter.

The stock hit a high of Rs 99 and a low of Rs 95.70 so far during the day. The stock had hit a 52-week high of Rs 127.25 on 5 December 2014. The stock had hit a 52-week low of Rs 80.75 on 7 September 2015.

The mid-cap company has equity capital of Rs 80.75 crore. Face value per share is Re 1.

Indian Hotels Company's total income rose 10.3% to Rs 1057.82 crore in Q2 September 2015 over Q2 September 2014.

Indian Hotels Company is primarily engaged in the business of owning, operating & managing hotels, palaces and resorts.

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