India's EIH hits record high on Q3 profit jump

EIH

07/02/2024 04:58

** Shares of EIH Ltd  EIHO.NS  surge 19%, hitting a record
high of 196.4 rupees
    ** The hotel chain reported a near 55% rise in consol profit
for Dec-qtr; rev from ops rose 26.4% 
    ** Stock posts biggest intraday pct gain since 2018; has
been trading above 200-day moving avg since April 
    ** EIHO up 25% for the week so far; set for seventh
consecutive week of gains, if trend holds 
    ** More than 8.1 mln shares change hands by 10:20 a.m. IST,
5.6x the 30-day avg
    
    

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))