Indian Hotels Share Price Surges by 1.11% to Rs. 555
Indian Hotels, a company under the Tata Group, has announced its focus on spiritual tourism. The company plans to expand its hotel chain to religious sites, aiming to strengthen its leading position in this sector. Currently, Indian Hotels operates or is constructing 66 hotels at various spiritual locations, including Ayodhya.
“I believe that spirituality and spiritual sites are playing an increasingly important role worldwide. Not only for us but for the population of the world, it is crucial, and I am pleased to say that we are at the forefront of this,” said Punit Chatwal, the company’s Managing Director and CEO.
On Wednesday (February 21, 2024), Indian Hotels’ share price increased by 1.11% to Rs. 555. The share had closed at Rs. 537 the previous week and hit a new intraday high of Rs. 540 on Friday. The share has witnessed a 1% rise this week, 7.5% in two weeks, approximately 15% in a month, 23% year-to-date, 30% in three months, 40% in six months, 67% in a year, and 162% in two years.
Chatwal commented on the potential of spiritual tourism, stating, “Spiritual sites are safe options because people seek blessings from God in good or bad times, whether they are happy or sad. This is a part of our culture.”
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