Indian Hotels registers gains on profit outlook

DALAL STREET SPIKES

Indian Hotels Company jumped 3.31 per cent to Rs 104.10 on the BSE on reports that it paid an advance tax of Rs 44 crore in Q4 March 2008 compared to Rs 2 crore in Q4 March 2007. A total of 2.03 lakh shares were traded.

The stock had average daily volumes of 4.95 lakh shares in last quarter. The scrip touched an intra-day high of Rs 107.50 and a low of Rs 100.05.

The company's net profit rose 31.2 per cent to Rs 134.58 crore on a 14.6 per cent rise in sales to Rs 520.62 crore in Q3 December 2007 over Q3 December 2006.