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    HomeNewsBusinessMarketsCash Market | A bull sash at support in Indian Hotels to propel price higher

    Cash Market | A bull sash at support in Indian Hotels to propel price higher

    Price has bounced from retracement support in Indian Hotels.

    Moneycontrol Contributor
    February 24, 2023 / 06:25 IST
    Indian Hotels Company | CMP: Rs 325 | The stock surged 8 percent after the Tata-group hospitality firm reported an over four-fold year-on-year rise in consolidated net profit at Rs 383 crore for the quarter ended December 2022. In the quarter, Indian Hotel’s revenue rose 24 percent from the year-ago period to Rs 1,744 crore. While occupancy fell from 73.3 percent in pre-COVID era to 72.1 percent, the average room rate jumped 25 percent to Rs 15,456.
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