In early hours, EIH gained 3.10% to Rs 104.60 as a big block deal executed at Rs 102 per share on Bombay Stock Exchange.

The company’s share price touched a highest peak of Rs 105 and a low of Rs 100.95 during the day. On 13 September 2006, the scrip has had its 52-week high of Rs 127.

The block deal was of 19 lakh shares and was struck today. The overall volume was 19.58 lakh shares and the average daily volume in the stock was 50,051 shares in the past one quarter.

The company’s current equity is Rs 78.59 crore, with 39.29 crore striking shares of a face value of Rs 2 each. The existing market price of Rs 104.60 reduces its year ended March 2007 earning per share (EPS) of Rs 4.3, by a PE multiple of 24.32.

On 8th March 2007, its board of directors had sanctioned plans to raise Rs 400 crore via different placement mechanisms or to qualified institutional buyers.

The company has posted an increase of 58.88% in its quarterly net profit ended 31 March 2007. Revenue was up 32.28% to Rs 300.41 crore Q4 March 2007 as against Rs 227.10 crore in Q4 March 2006.

EIH has a strategic coalition with Hilton International to run all hotels and also carries out marketing, advertising and reservations of the latter in India. Hilton International is accountable for international marketing, promotion and reservations through the Hilton global network. It operates hotels under the trade name Oberoi and Trident.