Buy Mahindra Holidays & Resorts India, target price Rs 327: Axis Securities

Axis Securities has buy call on Mahindra Holidays & Resorts India with a target price of Rs 327. The current market price of Mahindra Holidays & Resorts India Ltd. is Rs 294.85.

Mahindra Holidays & Resorts India Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 5869.67 Crore) operating in Tourism & Hospitality sector.

Mahindra Holidays & Resorts India Ltd. key Products/Revenue Segments include Income from Vacation Ownership, Subscription Income, Beverages & Food, Other Operating Revenue, Service (Hotel), Income (Room Rent) and Wine & Liquor for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 637.02 Crore, up 9.30 % from last quarter Total Income of Rs 582.83 Crore and up 52.29 % from last year same quarter Total Income of Rs 418.29 Crore. Company reported net profit after tax of Rs 29.74 Crore in latest quarter.

Investment Rationale
The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term.

Promoter/FII Holdings
Promoters held 67.2 per cent stake in the company as of 30-Jun-2022, while FIIs owned 4.91 per cent, DIIs 9.66 per cent.