Indian Hotels hits 52-week high; up 26% in a month on demand recovery hope

The company is hopeful of demand recovery in the US and the UK in the next three to four months with the Covid-19 situation coming under control

Shares of Indian Hotels Company hit a fresh 52-week high of Rs 140.50 on the BSE in intra-day trade on Monday on expectation of demand recovery as the Covid-19 situation gradually comes under control.

In the past one month, the stock of the Tata Group Company has rallied 26 per cent as compared to a 6 per cent gain in the S&P BSE Sensex. It surpassed its previous high of Rs 139, touched on December 7, 2020. Meanwhile, the stock had hit an all-time high of Rs 164 on June 26, 2019.

In January–March quarter (Q4FY21), Indian Hotels