Buy Indian Hotels Company, target price Rs 268: HDFC Securities

HDFC Securities has buy call on Indian Hotels Company with a target price of Rs 268. The current market price of Indian Hotels Company is Rs 230.65. Time period given by analyst is 3 months 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 30391.96 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.



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.