The Re 1-face value Indian Hotels stock is being tracked for what some observers say are purely fundamental reasons that stem from trends in the hospitality industry.
The company, like many others in its peer group, has gained from good occupancy trends as well as healthy F&B sales. Its operating margins improved on these counts.
The stock on Thursday closed at Rs 153.70 on the NSE, up marginally. Over 5 lakh shares made up the trading volumes.