THE INDIAN HOTELS Plunges by 9%; BSE 500 Index Down 4.0%
March 16, 2020 10:28 AM

THE INDIAN HOTELS share price has plunged 9% and is presently trading at Rs 108.

Meanwhile, the BSE 500 Index is at 12,631 (down 4.0%).

Among the top losers in the BSE 500 Index today are THE INDIAN HOTELS (down 8.7%) and BAJAJ FINANCE (down 5.8%).

YES BANK (up 49.5%) and GLENMARK PHARMA (up 12.4%) are among the top gainers today.

Over the last one year, THE INDIAN HOTELS has moved down from Rs 154 to Rs 108, registering a loss of Rs 46 (down 29.8%)..

The BSE 500 has moved down from 14,974 to 12,631, loss of 2,343 points (down 15.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 199.5%), ABBOTT INDIA (up 97.8%) and NAVIN FLUORINE (up 92.0%).

What About the Benchmark Indices?

The BSE Sensex is at 33,103 (down 4.7%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 0.7%) and TCS (up 0.4%). The most traded stocks in the BSE Sensex are SUN PHARMA and TCS.

In the meantime, NSE Nifty is at 9,593 (down 4.3%). YES BANK (up 50.1%) and BPCL (up 1.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,752 to 33,103, registering a loss of 4,649 points (down 13.90%).

THE INDIAN HOTELS Financial Update...

THE INDIAN HOTELS net profit stood at Rs 2 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales rose 3.7% to Rs 13.7 billion during the period as against Rs 13.2 billion in October-December 2018.

For the year ended March 2019, THE INDIAN HOTELS reported 483.6% increase in net profit to Rs 2.4 billion compared to net profit of Rs 408.0 million during FY18.

Revenue of the company grew 10.0% to Rs 45 billion during FY19.

The current Price to earnings ratio of THE INDIAN HOTELS, based on rolling 12 month earnings, stands at 31.3x.