Tata Group Mid-Cap Stock To Likely Give Double Digit Return, Target Price Rs 367

Leading brokerage firm Yes Securities has given buy rating to the Tata Group stock Indian Hotels Company Ltd for a target price of Rs 367 with a potential gain of 14%. The company has registered good quarterly growth in the recent results.

Indian Hotels Company Stock Outlook

The current market price of the mid-cap stock is Rs 321 apiece with a decline of 3.56% intraday. According to Yes Securities, if you buy the stock at its current market price, it has the potential to surge to Rs 367 with a potential gain of 14% thus providing double digit return to investors.

Indian Hotels Company Ltd Hits A New 52-Week High Today

The current market price of the stock is Rs 321 apiece. The stock hit its new 52-week high today. The stock opened at Rs 333.50 apiece, touched the intraday high of Rs 337.30 apiece, and intraday low of Rs 319.00 apiece.

Indian Hotels Company Ltd 52 Week High/Low

The stock's 52-week high is quoted at Rs 337 apiece and 52-week low is quoted at Rs 143 apiece, respectively.

Indian Hotels Company Ltd Market Capitalization

The mid-cap company has a market capitalization of Rs 45,722.66 crore at the time of writing the story.

Indian Hotels Company Ltd 5-Years Return

The company has given multibagger returns. In the last 5 years, it has given a return of 177%, in 3 years it has given a return of 142% and in last 1 year the return is 107%.

Indian Hotels Company Ltd Quarterly Results

The company for the quarter ending June 30, 2022 announced a consolidated total income of Rs 1,293.19 crore, up 35.43 % from last quarter total income of Rs 954.88 crore. It has declared a net profit after tax of Rs 166.13 crore in latest quarter.

Indian Hotels Company Ltd Strengths/Weaknesses

The company has registered surging net cash flow and cash from operating activity. It has hit a new 52-week high today. It has registered a good quarterly growth in recent quarter. When it comes to its weaknesses, it has high PE with negative ROE. High interest payments as compared to earnings.

About The Company

Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, comprising over 100 independently operating companies. The group operates in more than six continents with a mission to improve the quality of life of the communities it serves globally. Through long-term stakeholder value creation based on 'Leadership with Trust', the Tata brand stands as a lasting promise behind its businesses, many of which are industry leaders. 

IHCL is reimagining itself by leveraging its strong brand equity to multiply its portfolio while aligning with high-growth segments. This include manoeuvering excellence while reinvigorating its portfolio across all brands, according to its official website. 

 

 

Disclaimer

The stock has been picked from the brokerage report of Yes Securities. 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.