Buy EIH, target price Rs 157: HDFC Securities

HDFC Securities has buy call on EIH with a target price of Rs 157. The current market price of EIH Ltd. is Rs 138.2 Time period given by analyst is three months when EIH Ltd. price can reach defined target.

EIH Ltd., incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 8598.76 Crore) operating in Tourism & Hospitality sector.

EIH Ltd. key Products/Revenue Segments include Beverages & Food, Income (Room Rent), Other Services and Printed Materials for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 378.88 Crore, up 52.85 % from last quarter Total Income of Rs 247.87 Crore and up 94.52 % from last year same quarter Total Income of Rs 194.78 Crore. Company reported net profit after tax of Rs 42.35 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 35.74 per cent stake in the company as of 31-Dec-2021, while FIIs owned 3.56 per cent, DIIs 14.03 per cent.