Rekha Jhunjhunwala Tata Stock Falls 5.27% In 1-Month, Motilal Oswal Suggests Buy Call

Indian Hotels Company Ltd shares soared 1.69% today to Rs 400.30 per share after the decline of 5.27% in last 1-month. Brokerage firm Motilal Oswal appears bullish on the large cap Tata Group hotel stock and recommended buy call with target price of Rs 480 per share.

Indian Hotels Company shares soared 26% YTD and offered return of 92% in last 2-years. If you buy Indian Hotels Company shares now at the current market price of Rs 400.30 apiece, you can fetch likely return of 19.91%.

Rekha Jhunjhunwala Has 2.11% Stake In Indian Hotels: It is worth mentioning that leading investor Rekha Jhunjhunwala has 2.11% stake in Indian Hotels stock and holds 30016965 shares of the company with the net worth of Rs 1203.4 crore as of September 30, 2023 quarter, according to data available at BSE and Trendlyne. Check more details below:

Indian Hotels Company Stock Performance & Return: Current market price of Indian Hotels Company share on BSE is Rs 400.30 per share. Its 52-week high price is Rs 436.25 per share and 52-week low price is Rs 280.20 per share, respectively. The company has a market capitalisation of Rs 56,858.63 crore. Indian Hotels Company shares gained 12% in last 6-months, gained 16% in last 1-year, soared 319% in last 3-years, and soared 213% in last 5-years. In last 10-years, Indian Hotels Company stock soared 749%.

Indian Hotels Company Valuation: According to Motilal Oswal, in its report dated October 28, 2023, "We maintain our FY24/FY25 EBITDA estimates in anticipation of a strong demand environment and ARR improvement. Maintain BUY with our SoTP based TP of INR 480."

Indian Hotels Financials: The company for the quarter ended June 30, 2023 announced a surge of 31% in its net profit at Rs 222.4 crore as against Rs 170.1 crore in the corresponding quarter of last year. Its revenue rose 16% to Rs 1466.4 crore as against Rs 12661.1 crore reported in the previous quarter.

Indian Hotels Company About: IHCL and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj - the iconic brand for the most discerning travellers and ranked as the World's Strongest Hotel Brand and India's Strongest Brand across sectors as per Brand Finance Hotels 50 Report 2022 and India 100 Report 2022 respectively, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.