Indian Hotels Share Price: Indian Hotels stock price down 1.08 per cent as Sensex slides

Shares of . fell 1.08 per cent to Rs 296.3 at 11:59AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 34,597 shares with a turnover of Rs 1.03 crore till 11:59AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 95.71, while the price-to-book value ratio stood at 4.79.

Return on equity (ROE) was at -3.5 per cent, according to exchange data. The stock hit an intraday high of Rs 303.0 and a low of Rs 295.85 during the session and quoted a 52-week high price of Rs 348.7 and a 52-week low of Rs 180.75.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.56.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 281.96 on January 20, while the 50-DMA was at Rs 316.92. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 33.34. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30. Promoter holding

As of 31-Dec-2022, promoters held 38.19 per cent stake in the company, while foreign institutional investors held 19.0 per cent and domestic institutional investors had 26.36 per cent.