Buy Indian Hotels Company, target price Rs 238: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Indian Hotels Company with a target price of Rs 238. The current market price of Indian Hotels Company is Rs 232.2. Time period given by analyst is Intra Day when Indian Hotels Company Ltd. price can reach defined target.

Indian Hotels Company Ltd., incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 30081.44 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-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1133.92 Crore, up 50.73 % from last quarter Total Income of Rs 752.28 Crore and up 84.52 % from last year same quarter Total Income of Rs 614.53 Crore. Company reported net profit after tax of Rs 86.28 Crore in latest quarter.

Investment Rationale
Spurt in price and volume; support is shifting higher as it sustained after surpassing previous hurdle

Promoter/FII Holdings
Promoters held 41.02 per cent stake in the company as of 31-Dec-2021, while FIIs owned 15.19 per cent, DIIs 25.16 per cent.