As the Indian markets look for a recovery path, after what has been a relatively volatile period, some company shares are flourishing amidst the headwinds.
Jefferies Issues 'Buy' Call
Tata Group's hospitality arm, Indian Hotels, which owns and operates multiple hotel chains, including the famous Taj Hotels, is seeing a surge in its performance at the equity markets.
In the early hours of the trading session, the gains went beyond the 2 per cent mark.
This comes to pass after repuetd American broking agency Jefferies issued a 'Buy' call for the company, thereby reiterating its stance for the hotel chain.
The company saw a 17.80 per cent rise in its total income, as it jumped to Rs 1,826.12 crore in the Q2 of FY25. |
In its most recent marking for Indian hotels, Jefferies reiterated a 'Buy' call with a target of Rs 785 per share. According to the agency, the hospitality company has surpassed its margin and portfolio goals for 2025.
In addition, the company management remains focused on overall growth. However, they have abstained from issuing new margin guidance.
Indian Hotels Company Ltd @ NSE
When we look at the performance of the company shares listed on the National Stock Exchange on November 19, the shares bettered their positioning, increasing the gains by 2.50 per cent or Rs 18.45.
This took the overall value of these shares to Rs 755.65 per share. This now is in touching distance of the target set by Jefferies.
This performance is a continuation of the company's performance at Dalal Street in the recent past.
Indian Hotels Q2 Results
The company has gained over 3 per cent in the past 5 trading sessions. In the past month of trading, when the overall markets have seen a dip in their prospects, Indian Hotels shares have gained ground, rising by 11.08 per cent.
When we take a quick look at the company's performance in the Q2 results, the company saw a 17.80 per cent rise in its total income, as it jumped to Rs 1,826.12 crore in the Q2 of FY25. When it comes to the company's profits, there was a 123.27 per cent surge in the profit after tax. The overall profit after tax for the second quarter stood at Rs 554.58 crore.
