Indian Hotels makes room in the green

It is after a nearly as month that Indian Hotels is doing well, with the stock rising almost 3% at Rs.95.50, with an intra day high at Rs.96. It had last hit a 52-week high on 25^th June at Rs.111.60.

This ‘Taj’ company is sitting pretty in the green today morning as it has planned on a Rs.450 crore capex to add 33 new hotels to its existing chain of 125 hotels and that too across all its brands – Taj, Vivanta, Ginger and gateway. The company plans to add a total of 3700 rooms through these hotesl, taking Indian Hotel’s total tally of rooms to around 20,000.