Buy Mahindra Holidays & Resorts India, target price Rs 260: HDFC Securities

HDFC Securities has buy call on Mahindra Holidays & Resorts India with a target price of Rs 260. The current market price of Mahindra Holidays & Resorts India is Rs 211.5. Time period given by analyst is three months when Mahindra Holidays & Resorts India Ltd. price can reach defined target.

Mahindra Holidays & Resorts India Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 4234.21 Crore) operating in Tourism & Hospitality sector.

Mahindra Holidays & Resorts India Ltd. key Products/Revenue Segments include Income from Vacation Ownership, Subscription Income, Other Operating Revenue, Beverages & Food, Income (Room Rent), Service (Hotel) and Wine & Liquor for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 584.45 Crore, down -1.49 % from last quarter Total Income of Rs 593.29 Crore and up 13.48 % from last year same quarter Total Income of Rs 515.04 Crore. Company reported net profit after tax of Rs 13.38 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 67.22 per cent stake in the company as of 31-Dec-2021, while FIIs owned 5.18 per cent, DIIs 10.49 per cent.