Thursday, 7 August 2014

EIH declines on reporting 39% fall in Q1 net profit

      EIH is engaged in business of operating and managing luxury hotels, restaurants, management contracts and travel and tours.
     EIH’s net profit has declined by 39.24% at Rs 6.41 crore as compared to Rs 10.55 crore for the quarter ended June 30, 2013. However, its total income from operations has increased by 4.78% to Rs 284.12 crore for the quarter under review from Rs 271.16 crore for the corresponding quarter of the previous year.
     The promoters holding in the company stood at 35.24% while Institutions and Non-Institutions held 13.68% and 51.02% respectively.
     The BSE group 'B ' stock  of face value Rs. 2 has touched a 52 week high of Rs. 105.85 on 11-Jun-2014 and a 52 week low of Rs. 43.30 on 07-Aug-2013.
     Last one week high and low of the scrip stood at Rs. 101.70 and Rs. 96.20 respectively. The current market  cap of the company is Rs. 5644.25 crore.
     The scrip opened at Rs. 97.30 and has touched a high and low of Rs. 98.75 and Rs. 96.90 respectively. So far 6938 shares were traded on the counter.
     EIH is currently trading  at Rs. 98.50, down by 0.05 points or 0.05% from its previous closing of Rs. 98.55 on the BSE.

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