INDIAN HOTEL share price: Buy Indian Hotels Company, target price Rs 185: IIFL
The period given by the analyst is Intra Day when the price of Indian Hotels Company can meet the set target.
Indian Hotels Company Ltd., incorporated in 1902, is a mid-cap company (with a market capitalization of Rs 20,586.06 Crore) operating in the tourism and hospitality industry.
The main product / revenue segments of Indian Hotels Company Ltd. include revenues from rooms, restaurants and other services for the year ending March 31, 2021.
For the quarter ended 30-06-2021, the company reported consolidated total income of Rs 370.30 crore, down -40.89% from last quarter total income of Rs 626.47 crore and in 111.19% increase over last year in the same quarter. Total income of Rs 175.34 crore. The company reported after-tax net profit of Rs -270.05 crore in the last quarter.
Justification of the investment
The action gave a flag pattern break on the hourly chart
Promoter / FiI Holdings
The promoters held 40.8% of the company’s capital as of June 30, 2021, while the FIIs held 12.6%, the DII 28% and the public and others 18.7%.
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