Buy Indian Hotels Company, target price Rs 680: Motilal Oswal
Indian Hotels Company Ltd. with a target price of Rs 680. The current market price of Indian Hotels Company is Rs 638.3.
Indian Hotels Company Ltd., incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 90871.91 Crore) operating in Tourism & Hospitality sector.
Indian Hotels Company Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2024.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1951.46 Crore, down -2.60 % from last quarter Total Income of Rs 2003.64 Crore and up 17.95 % from last year same quarter Total Income of Rs 1654.54 Crore. Company reported net profit after tax of Rs 393.09 Crore in latest quarter.
Promoter/FII Holdings Promoters held 38.12 per cent stake in the company as of 31-Mar-2024, while FIIs owned 24.47 per cent, DIIs 20.65 per cent.
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