On Wednesday, Shares of Indian Hotels Company traded 2.09 per cent down at Rs 411.75 at 12:58PM (IST). And on the other hand, BSE benchmark Sensex gained 253.79 points to 67474.92.
As per BSE data, the company traded at 55.38 times its trailing 12-month earnings per share of Rs 7.43 per share and 5.77 times its price-to-book value.
Sources say, investors are willing to pay a higher share price today because of growth expectations in the future.
