The block deal constituted 0.69% of the company's equity.

Meanwhile, the BSE Sensex was up 3.72 points, or 0.04%, to 10,103.63.

On BSE, 27.76 lakh shares were traded in the counter. The stock had an average daily volume of 1.63 lakh shares in the past one quarter.

The stock hit a high of Rs 146.45 and a low of Rs 137.50 so far during the day. The stock hit a 52-week high of Rs 246.95 on 7 January 2008 and a 52-week low of Rs 74 on 7 November 2008.

The stock is up 52.96% from a recent low of Rs 92.90 on 26 November 2008.

The mid-cap stock had outperformed the market over the past one month till 19 December 2008, gaining 33.70% as compared to the Sensex's return of 15.11%. It had also outperformed the market in the past one quarter, falling 12.81% as compared to the Sensex's decline of 28.08%.

The company's current equity is Rs 78.59 crore. Face value per share is Rs 2.

The current price of Rs 142.10 discounts the company's Q2 September 2008 annualized EPS of Rs 3.19, by a PE multiple of 44.55.

EIH's property, The Trident, Nariman Point, re-opened on Sunday, 21 December 2008, after three weeks of being shut for restoration works following terror strikes on 26 November 2008. The Trident was one of the three spots in Mumbai which terrorist had struck last month

EIH, which owns the Oberio group of hotels, had taken out an insurance policy with New India Assurance and United India Insurance Company - the two-state-owned insurers for the Trident hotel. EIH had also taken a loss of profit insurance that protects it against business losses arising from any untoward events.

EIH's net profit fell 26.8% to Rs 31.31 crore on 8.5% increase in net sales to Rs 234.22 crore in Q2 September 2008 over Q2 September 2007.

EIH owns and operates luxury hotels and resorts in India under the name 'Oberoi'. The company also manages a mid-price hotel chain in India, in addition to hotels in Egypt, Australia, Sri Lanka, Indonesia and Saudi Arabia.