INDIAN HOTEL share price: Buy Indian Hotels Company, target price Rs 185: IIFL

The IIFR bought a call option on Indian Hotels Company with a target price of Rs 185. The current market price of Indian Hotels Company is Rs 173.1.

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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Christina A. Kroll

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