Indian Hotels shares settled 6 percent higher on Tuesday after the Tata Group hospitality firm said it has expanded its portfolio to 380 hotels by launching properties at 100 new locations in the financial year 2025.
Shares of Indian Hotels Company Ltd settled 6.14 percent higher at Rs 837 per share on the NSE. Earlier in the day, the stock jumped 6.27 percent to an intraday high of Rs 838.05 apiece.
"IHCL in the last fiscal year has clocked a record 74 signings, resulting in an industry-leading pipeline of 137 hotels. This was enabled by IHCL's strong brand presence across market segments coupled with the sustained demand buoyancy," the company in a regulatory filing quoted its Executive Vice President - Real Estate & Development, Suma Venkatesh as saying.
"IHCL opened 26 new hotels in FY25, with Ginger leading the way with 9 hotels across diverse markets including commercial centres of Nagpur and Coimbatore, industrial townships like Jamshedpur, leisure destinations like Srinagar, Udaipur and Diu as well as in state capitals of New Delhi and Goa," its Executive Vice President -- Hotel Openings & New Businesses -- Deepika Rao said.
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