Indian Hotels stock closed 0.96% higher at Rs 591.35 in Thursday's trade against Rs 312.5 level on March 28, 2023. Market cap of the firm rose to Rs 84,174 crore on BSE.
Indian Hotels Ltd, part of the hotel industry and owned by Tata Group, has rallied over 12% in a month to reach a fresh record high in January 2024. Short-to-medium-term traders can consider buying the stock now with a target of more than 500 in the next 3-4 weeks. The stock rose from Rs 424 to Rs 479 in a month, showing an upside of nearly 13%. It is trading in an upside channel on the weekly charts since 2020-21, indicating a positive trend. The stock has strong momentum and potential for further upside.
Indian Hotels share: The hotel stock, which closed at Rs 124.08 on December 10, 2020 rose to a high of Rs 441.55 in Monday's trade, clocking 255.85% returns during the period.