Buy Indian Hotels Company, target price Rs 325: Yes Securities

Yes Securities has buy call on Indian Hotels Company with a target price of Rs 325. The current market price of Indian Hotels Company is Rs 294.8.

Indian Hotels Company Ltd., incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 40545.31 Crore) operating in Tourism & Hospitality sector.

Indian Hotels Company Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1293.19 Crore, up 35.43 % from last quarter Total Income of Rs 954.88 Crore and up 249.23 % from last year same quarter Total Income of Rs 370.30 Crore. Company reported net profit after tax of Rs 166.13 Crore in latest quarter.

Investment Rationale
After consolidating in month of August, the stock has staged a bullish turtle breakout on P&F chart.

Promoter/FII Holdings
Promoters held 38.19 per cent stake in the company as of 31-Mar-2022, while FIIs owned 16.03 per cent, DIIs 28.51 per cent.