Indian Hotels' net profit surges 27% to Rs 418 cr in Q4; declares Rs 1.75 dividendMoneycontrol • about 4 hours ago
Puneet Chhatwal, managing director & CEO of IHCL, said the company will continue to deliver double digit growth in FY25
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Sharekhan is bullish on Indian Hotels Company has recommended buy rating on the stock with a target price of Rs 679 in its research report dated April 18, 2024.
Sharekhan is bullish on Indian Hotels Company has recommended buy rating on the stock with a target price of Rs 679 in its research report dated April 16, 2024.
In FY24, the company had another year of accelerated portfolio expansion with 52 signings and 34 openings and achieved a portfolio of over 300 hotels, ahead of its market guidance under Ahvaan 2025, Indian Hotels Company Ltd (IHCL) said in a statement.
The trend is likely to remain positive as long as the Nifty 50 stays above 22,000.
Experts hope to see the Nifty 50 at 22,600 in an immediate term and 22,800 in the short term, with support at 22,400, and then at 22,200. But, in between, the 22,500 level is likely to be crucial in determining the subsequent direction in the market
Oberoi Realty has seen a consolidation breakout. The stock has formed bullish candlestick pattern on the daily charts with above average volumes, and now traded above all key moving averages.
Around 70% of stocks in Nifty MidCap 100 and Nifty SmallCap 100 indices witnessed a rise in mutual fund stakes in December 2023 quarter, according to Ace Equities data.
Indian Hotels has been in a strong uptrend, reporting higher highs, higher lows formation since October last year. The stock formed strong bullish candlestick pattern on the daily charts with above average volumes.
Tata Consultancy Services Ltd surged over 9 percent so far in 2024 while Tata Motors Ltd advanced over 20 percent. Tata Power jumped 18 percent while Indian Hotels gained 16 percent