Buy Kamat Hotels (India), target Rs 65: Rakesh Bansal

Rakesh Bansal of R K Global has a buy call on Kamat Hotels (India) Ltd. with a target price of Rs 65.0 .The current market price of Kamat Hotels (India) Ltd. is Rs 50.05. The time period given by analyst is Intra Day when Kamat Hotels (India) Ltd. price can reach defined target. Rakesh Bansal recommended to keep stop loss at Rs 42.5.

Kamat Hotels (India) Ltd., incorporated in the year 1986, is a smallcap company with a market cap of ₹ 114.58 Cr.) operating in Hospitality sector.

Kamat Hotels (India) Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services which contributed ₹ 142.61 Cr to Sales Value (94.53 % of Total Sales) and Other Operating Revenue which contributed ₹ 8.25 Cr to Sales Value (5.46 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 41.35 Cr., up 25.41% from last quarter Sales of ₹ 32.98 Cr. and up 9.17% from last year same quarter Sales of ₹ 37.88 Cr. Company has reported net profit after tax of ₹ 29.70 Cr. in latest quarter. The company’s CEO is . It's Board of Directors include Mr.G N Shenoy, Dr.Vithal Venketesh Kamat, Mr.Bipinchandra C Kamdar, Mr.Dinkar D Jadhav, Ms.Himali H Mehta, Mr.Amit Vyas. Company has its registered office at Fort Jadhavgadh, , Jadhav Wadi, , Saswad, Pune, 412301, Maharashtra. Company has J G Verma & Co. as its auditors. As on 31-03-2017, the company has a total of 23,584,058 shares outstanding.