Buy Indian Hotels, target price Rs 950: Motilal Oswal Financial Services
buy call on Indian Hotels Company (IHCL) with a target price of Rs 950. The current market price of Indian Hotels is Rs 880.3. IHCL, incorporated in 1902, is a Mid Cap company with a market cap of Rs 125461.32 crore, operating in Tourism & Hospitality sector.
Indian Hotels Company's 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 30-09-2024, the company has reported a Consolidated Total Income of Rs 1890.22 crore, up 18.41% from last quarter Total Income of Rs 1596.27 crore and up 27.64 % from last year same quarter Total Income of Rs 1480.87 crore. The company has reported net profit after tax of Rs 573.21 crore in the latest quarter.
The company?s top management includes Mr.N Chandrasekaran, Mr.Puneet Chhatwal, Ms.Anupam Narayan, Ms.Hema Ravichandar, Mr.Venkataramanan Anantharaman, Mr.Nasser Munjee. Company has B S R & Co. LLP as its auditors. As on 30-09-2024, the company has a total of 142 Crore shares outstanding.
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