Indian Hotel Share Price Dips 0.29% to ₹838.75 in Early Trade; Volatile Amid Profit Booking
Indian Hotel shares slipped slightly to ₹838.75 on April 21 as investors booked profits post a recent rally. Analysts still upbeat on long-term demand revival.
Key Highlights:
Indian Hotel Share Price Trades at ₹838.75, Down 0.29% on April 21
Indian Hotel Share Price fell by ₹2.45 or 0.29% to ₹838.75 as of 10:09 AM IST on April 21. The stock opened at ₹842.00 and touched an intraday high of ₹843.00 before witnessing mild profit booking. Investors appear to be taking a breather after a sustained rally over the past few sessions.
Indian Hotels Company Share Snapshot – April 21
| Parameter | Value |
|---|---|
| Current Price | ₹838.75 |
| Day’s High | ₹843.00 |
| Day’s Low | ₹829.50 |
| Opening Price | ₹842.00 |
| Previous Close | ₹841.20 |
| Market Cap | ₹1.19 Lakh Cr |
| P/E Ratio | 66.21 |
| Dividend Yield | 0.21% |
| 52-Week High | ₹894.90 |
| 52-Week Low | ₹506.45 |
What’s Impacting Indian Hotel Stock Today?
- Profit booking after a strong rally toward 52-week highs
- Short-term consolidation as valuations stretch (P/E at 66x)
- Market awaits Q4 earnings for further direction on RevPAR and margin trends
- Sentiment intact for hospitality sector amid strong domestic demand and wedding season bookings
Hospitality & Travel Stocks – April 21 Early Movers
| Stock | Price (₹) | Change (%) |
|---|---|---|
| Indian Hotels (IHCL) | 838.75 | -0.29% |
| Lemon Tree Hotels | 129.40 | -0.10% |
| EIH Ltd (Oberoi Group) | 476.00 | +0.25% |
| Chalet Hotels | 644.20 | +0.15% |
| Thomas Cook India | 152.00 | +0.20% |
IHCL is under mild pressure, while peers show mixed early movement.
Technical View – Indian Hotel Share Levels to Watch
| Level Type | Price (₹) |
|---|---|
| Immediate Support | 830.00 |
| Strong Support | 815.00 |
| Resistance Zone | 845.00 / 860.00 |
| Breakout Trigger | 865.00 |
A sustained move above ₹845 may trigger fresh upside toward ₹865–₹880. On the downside, ₹830 is key to defend.
Analyst View on Indian Hotels (IHCL)
- ICICI Securities: “Expect Q4 to show robust growth in occupancy and ARRs. Maintain Buy with TP ₹880.”
- Motilal Oswal: “Well-positioned for structural re-rating. Minor correction healthy for trend continuation.”
- HDFC Securities: “Valuations rich, but margin trajectory supports longer-term upside.”
Final Word on Indian Hotel Share Price Today
Indian Hotel share price remained slightly negative in early trade, reflecting short-term caution after a steep run-up. However, long-term fundamentals for the sector remain positive amid strong travel, leisure, and event-led demand. Traders should watch ₹845 for a potential breakout, while ₹830 offers a good near-term support zone.
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