Indian Hotels Company lost 2.89% to Rs 58.85 at 14:38 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was up 256.42 points or 1.24% at 20,868.56.
On BSE, so far 1.36 lakh shares were traded in the counter as against average daily volume of 1.09 lakh shares in the past one quarter.
The stock hit a high of Rs 60.75 and a low of Rs 58.30 so far during the day. The stock had hit a 52-week low of Rs 37.55 on 6 August 2013. The stock had hit a 52-week high of Rs 68.10 on 7 January 2013.
The stock had outperformed the market over the past one month till 17 December 2013, advancing 28.66% compared with the Sensex's 1.04% rise. The scrip had also outperformed the market in past one quarter, jumping 28.66% as against Sensex's 4.08% rise.
The mid-cap hospitality firm has equity capital of Rs 80.75 crore. Face value per share is Re 1.
Shares of Indian Hotels Company had rallied 13.58% in two trading sessions to settle at Rs 60.60 on Tuesday, 17 December 2013 from a recent low of Rs 53.35 on 13 December 2013.
Indian Hotels Company reported a consolidated net loss of Rs 433.48 crore in Q2 September 2013, higher than net loss of Rs 57.49 crore in Q2 September 2012. Net sales rose 10.1% to Rs 895.92 crore in Q2 September 2013 over Q2 September 2012.
Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces.
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