Indian Hotels Co Ltd (INDHOTEL)

Indian Hotels Co Ltd Aims for Double-Digit Growth, Plans to Open 25-30 Hotels - 30 Apr, 2024

Indian Hotels Company (IHCL) plans to open 25-30 hotels and launch hotels overseas while keeping its primary focus on India's hospitality industry. The company reported a 29% YoY rise in net profit in Q4 FY24 and is actively exploring opportunities in Southeast Asia while keeping an eye out on the European market.

Domestic Mutual Funds Reduce Positions in Indian Hotels Stock - 29 Apr, 2024

Despite the Indian Hotels stock reaching new highs, domestic mutual funds are reducing their positions due to caution from previous hotel upcycles and concerns about margins peaking out.

Indian Hotels Reports Strong Q4 Results Amidst Bearish Bias - 26 Apr, 2024

Indian Hotels Company reports strong Q4 results with 17.22% YoY revenue growth and 27.26% YoY profit growth. However, EPS misses expectations. Shares trade up by 1.72%, but MACD signals a bearish bias.

Mixed Sentiments for Indian Hotels Co Ltd - 25 Apr, 2024

Indian Hotels reported strong Q4FY24 results, leading Motilal Oswal to recommend buying the stock with a target price of Rs. 680. However, ICICI Securities downgraded its rating to HOLD despite raising revenue and EBITDA estimates. Shares declined by 5.09%, reaching their lowest level since April 5. IHCL's CEO expressed confidence in continued growth.

IHCL Reports Strong Financial Performance in Q4 FY24 - 24 Apr, 2024

Indian Hotels Company Limited (IHCL) reported strong financial performance in Q4 FY24 with a net profit of Rs 438 crore, up 29% YoY and revenue from operations increasing by 17.2%. The company also declared a dividend of Rs 1.75 per equity share.

Indian Hotels Co Ltd Stock Trades 1.75% Up - 22 Apr, 2024

Shares of Indian Hotels Company Ltd traded 1.75% up at Rs 586.2, with a P/E ratio of 71.31 and EPS value of 8.22. The company reported consolidated sales of Rs 2003.64 crore for the quarter ended 31-Dec-2023, up 35.3% from the previous quarter. Promoters held 38.12% stake in the company as of 31-Mar-2024.

Sharekhan Recommends Buy on Indian Hotels Co Ltd - 17 Apr, 2024

Sharekhan has recommended a Buy on Indian Hotels Company (IHCL) with a revised PT of Rs. 679, citing strong growth potential in FY24 and beyond. IHCL is focusing on new brand launches and exploring opportunities in emerging segments while planning to open 25 new hotels annually.

Indian Hotels Co Ltd Signs New Property for Taj Resort in Pushkar - 16 Apr, 2024

Indian Hotels Company has signed a new property in Pushkar for its Taj resort. The 110-key resort is located near Pushkar Lake and Brahma Temple, with over 7,500 square feet of ballroom space suitable for corporate conferences and social gatherings.

UBS Raises Target Price for Indian Hotels Co Ltd - 15 Apr, 2024

Global brokerage firm UBS has maintained a Buy rating on Indian Hotels Company Ltd. but increased its price target on the stock, saying operating and financial leverage will accelerate earnings.

Indian Hotels Co Ltd Stock Shows Bearish Signs - 09 Apr, 2024

Technical analysts suggest bearishness for the near term due to negative divergence in RSI and continuous selling over the last three days. Long-term investors may hold and add on declines.

Indian Hotels Co Ltd Shares Fall Despite Positive Analyst Recommendations - 08 Apr, 2024

Shares of Indian Hotels Co Ltd fell by up to 7.58% on the National Stock Exchange before closing 1.34% lower, despite positive analyst recommendations. Private companies and institutions profited from a surge in share prices earlier in the day.

IHCL to Manage Over Two-Decade-Old Resort in Kolkata - 05 Apr, 2024

Indian Hotels Co Ltd (IHCL) has signed an MOU with Merlin Group to manage its over two-decade-old resort in Kolkata. While Merlin will continue to own the property, IHCL will manage it. With this addition, IHCL will have seven hotels in Kolkata across various brands.

Indian Hotels Partners for New Resort; Analysts Bullish - 04 Apr, 2024

Indian Hotels Co Ltd has partnered with Merlin Group to open a new resort in Kolkata, while analysts remain bullish on the company due to growing demand, operational efficiencies, and debt reduction.