Tata Group’s Two Resorts To Open In Lakshadweep, Shares Zoom 144% % In 2-Yrs

Amid the ongoing India-Maldives tussle, Tata Group's two resorts are expected to open in 2026 on the islands of Suheli and Kadmat, Lakshadweep. Lakshadweep has gained all the limelight after Prime Minister Narendra Modi's visit that led to tensions with Maldives.

PM Modi highlighted the "stunning beauty of its islands" in a post referring to his visit to Lakshadweep earlier this week and added "for those who wish to embrace the adventurer in them, Lakshadweep has to be on your list."

After PM Modi shared the images of the Union Territory, several Indian citizens compared its beauty with Maldives and stated its beaches appeared better than Maldives. Below is the post:

Last year in January, Tata Group's company Indian Hotels Company announced the inking of two Taj-branded resorts in Lakshadweep. "The Greenfield projects are slated to open in 2026, and will be developed by IHCL," said Indian Hotels Company (IHCL).
"We see significant potential in Lakshadweep, with its pristine beaches and coral reefs set amongst the Arabian Sea," Puneet Chhatwal, IHCL MD and CEO, said while declaring the inking of resorts last year. "The two world-class Taj resorts will attract international as well as national travellers."

Lakshadweep has several popular tourist spots that may include Agatti, Bangaram, Kadmath, Kavaratti, Minicoy, and Suheli, among others. And, Kadmat is one of the most attractive dive centers in India.

Taj at Suheli will consist 110 rooms that will be including 60 villas on the beach and 50 water villas, according to Indian Hotels Company. A coral island with a large lagoon, Kadmat Island, also known as Cardamom Island, is a marine protected area with seagrass beds. The Taj Hotel at Kadmat will include 75 beach villas and 35 water villas.
Lakshadweep has gained huge popularity for its scenic beauty, beaches, coral reefs, and lagoons. "It is a haven for water sports including scuba diving, windsurfing, snorkelling, surfing, water skiing, and yachting," said Indian Hotels Company.

IHCL Stock Performance: Meanwhile, when it comes to the price of Indian Hotels Company share on BSE, it is quoted at Rs 455.95 per share with intraday gain of 0.99%. Indian Hotels Company shares soared 3.91% in last 1-week only, gained 9.73% in last 1-month, jumped 19% in last 6-months, and offered gain of 44.62% in last 1-year. In last 2-years, Indian Hotels Company stock rallied 144% and soared 280% in last 3-years.

The 52-week high price of Indian Hotels Company share on BSE is Rs 467.95 per share and 52-week low price is Rs 280.20 per share, respectively. Indian Hotels Company has a market capitalisation of Rs 64,741.24 crore.

Rekha Jhunjhunwala Has 2.11% Stake In Indian Hotels: It is worth mentioning that leading investor Rekha Jhunjhunwala has 2.11% stake in Indian Hotels stock and holds 30016965 shares of the company with the net worth of Rs 1203.4 crore as of September 30, 2023 quarter, according to data available at BSE and Trendlyne.

IHCL Unveiled Flagship Ginger At Mumbai Airport: Earlier in 2023 on November 10 announced the opening of Ginger Mumbai, Airport. The 371 keys flagship Ginger hotel, strategically located near the domestic airport will introduce the brand's lean luxe design and service philosophy of offering a vibrant, contemporary, and seamless hospitality experience to its guests. Speaking on the occasion, Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, "The opening of Ginger Mumbai Airport is a significant milestone in the transformation journey of the brand which now has over two third of its operating hotels in the upgraded new lean luxe identity."

Indian Hotels Company About: IHCL and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj - the iconic brand for the most discerning travellers and ranked as the World's Strongest Hotel Brand and India's Strongest Brand across sectors as per Brand Finance Hotels 50 Report 2022 and India 100 Report 2022 respectively, according to its official website.