Buy Oriental Hotels, target price Rs 81: ICICI Direct

ICICI Direct has buy call on Oriental Hotels with a target price of Rs 81. The current market price of Oriental Hotels is Rs 76.65. Time period given by analyst is 3 months when Oriental Hotels Ltd. price can reach defined target.

Oriental Hotels Ltd., incorporated in the year 1970, is a Small Cap company (having a market cap of Rs 1368.07 Crore) operating in Tourism & Hospitality sector.

Oriental Hotels Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 91.07 Crore, up 33.01 % from last quarter Total Income of Rs 68.47 Crore and up 257.70 % from last year same quarter Total Income of Rs 25.46 Crore. Company reported net profit after tax of Rs 11.45 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 67.56 per cent stake in the company as of 31-Mar-2022, while FIIs owned 0.05 per cent, DIIs 7.36 per cent.