Shares of this large-cap hotel company surged on unveiling 'The Maharaja Suite'

Shares of this large-cap hotel company surged on unveiling 'The Maharaja Suite'

by 5paisa Research Team Last Updated: May 05, 2023 - 04:50 pm 597 Views
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Shares of the company are trading up in green after this development. 

About the New Development 

The Taj Mahal, New Delhi, a famous landmark in the city, has unveiled The Maharaja Suite by Indian Hotels Company (IHCL). The suite's design pays homage to Air India's well-known emblem and welcomes the national airline back into the Tata organisation. The opening of The Maharaja Suite, created by Bobby Mukherji and Associates, signifies the conclusion of the iconic Taj Mahal, New Delhi's renovation. 

The Maharaja Suite, a journey through time, offers a master bedroom, dining room, enclosed balcony lounge, and study that are all specially themed in honour of the father of Indian aviation. In its specially commissioned furniture and artwork, the Maharaja's distinctive style, wit, and warmth come to life. Maharaja's distinctive moustache is prominently displayed in the upholstery, aviation design elements, lounge chair, luggage, deep red of the doors, and ceiling. 

Share Price Movement of Indian Hotels Co Ltd   

The scrip opened today at Rs 359.95 and touched a high and low of Rs 364.20 and Rs 357.25, respectively. Its 52-week high stood at Rs 364.20, whereas its 52-week low was Rs 207.25. The current market cap of the company is Rs 51,319.06 crore. Promoters hold 38.19%, whereas the Institutional and non-institutional holdings is 45.84% and 15.97%, respectively.    

Company profile 

The Indian Hotels Company Limited (IHCL) and its affiliates unite a collection of names and enterprises that provide a fusion of friendly Indian hospitality and top-notch service. These include Vivanta, a chic upscale hotel, Ginger, which is revolutionising the lean luxe market, Taj, the epitome of iconic hospitality, SeleQtions, and a named collection of hotels. The company is the largest hospitality-focused enterprise with authentic Indian roots in South Asia. 

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