Indian Hotels Limited
Motilal Oswal has maintained a buy rating on this multibagger stock that is owned by ace investor Rakesh Jhunjhunwala.
A Tata Group hospitality firm, Indian Hotels Limited recently reported a consolidated net profit of ₹ 71 crores in the fourth quarter and revenue from operations of ₹ 872 crores.
In a note, the brokerage said, “Like FY22, we anticipate a strong recovery in FY23 and FY24 on:
- a) improvement in ARR once the economic activity normalizes;
- b) improved occupancies, led by business travel as well as the Leisure segment;
- c) cost rationalization efforts;
- d) an increase in F&B income as banqueting/conferences resume; and
- e) higher income from management contracts.”
Motilal Oswal has a SoTP-based target price of ₹278 per share as far as Indian Hotels is concerned. It maintained its FY23/FY24 EBITDA on account of an ongoing demand recovery in Business Hotels. The stock is currently trading at ₹ 246.90 and this implies an upside of 12.60%.
Rakesh Jhunjhunwala holds a 1.11% stake in the company whereas his wife Rekha Jhunjhunwala has 1.01% equity as per March 2022 data.
The company currently has over 7600 rooms under management, with 1100 rooms under the Ginger brand. Motilal Oswal said that the company’s asset-light model as well as new/reimagined revenue-generating avenues, with higher EBITDA margin, bodes well for RoCE expansion.
Tata Motors
Big Bull Rakesh Jhunjhunwala has kept his holdings steady in Tata Motors, even though there was a 13% slump in its share price as per year-to-date (YTD) data. The share is currently trading at ₹433.70 apiece.
As per the latest data available, Rakesh Jhunjhunwala holds 3,92,50,000 shares of Tata Motors, which is around 1.18 per cent of the total paid-up capital of the company.
Emkay Global has a target price of ₹ 530 on the shares of Tata Motors that can be achieved in one year. This translates to an upside of 22.20%
Sumeet Bagadia Executive Director at Choice Broking said that the shares of Tata Motors have strong support at ₹410 and any dip from ₹430 should be seen as a buying opportunity. It is facing an immediate hurdle at ₹450 whereas ₹470 to ₹480 is a major hurdle for this Rakesh Jhunjhunwala portfolio stock.
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
