Indian Hotels stock jumps 6%, hits 52-week high after Q2 profit up 226% YoY

Tata-backed Indian Hotels Company (IHCL) saw its stock surge nearly 6% to a 52-week high of Rs 722 after reporting a 226% YoY profit growth to Rs 583 crore for Q2 FY24. Revenues rose 27.4% to Rs 1,826 crore. EBITDA grew 41.3% to Rs 501.27 crore. IHCL will also manage The Claridges, New Delhi from April 2025.