EIH up ahead of second quarter results

EIH

02/11/2022 07:32

** Shares of EIH Ltd  EIHO.NS  rise as much as 2.5% to 196.4
rupees, ahead of its Q2 results on Wednesday
    ** The hotel chain reported a net loss of 370.9 million
rupees ($12,079.85) for the same period last year
    ** The co posted a profit of 628.2 million rupees in Q1
    ** Luxury player EIH will benefit from influx of foreign
tourist arrivals after pandemic curbs eased as it has a strong
presence in key gateway cities like Delhi and Mumbai, which
account for around 67% of revenue - ICICI Direct research
analyst wrote on Sept. 8
    ** About 886,000 shares change hands by 0728 GMT vs 30-day
avg of 768,798 shares
    ** Stock up 53.9% this year, as of last close
($1 = 82.7825 Indian rupees)
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))