Largecap Multibagger Tata Group Hotel Stock Reports Best Q1, Stock Up 105% In 1 Yr, Buy?

Indian Hotels Company Ltd. is a top large-cap multibagger Tata group stock, which has been gaining traction over the last 1 year sharply.

Why Should You Buy Indian Hotels Stocks?

As the pandemic came under control, contamination started to fall with a massive vaccination drive across the country, hotel stocks are surprisingly surging this year. During the pandemic in the past year, the said stock faced a huge hit, however, revived strongly in 2022, as tourists are gulping more leisure and business trips now. Occupancies are increasing in the overall hotel segment. So, the stocks of Indian Hotels can be a good pick. Tata group stocks like Titan, Tata Motors, and Indian Hotels are some top stocks, those were major drivers behind big bull Rakesh Jhunjhunwala's wealth growth. Additionally, Today, the stocks of Indian Hotels have reached a fresh 52-week high level.

Indian Hotels - NSE performance

The current market price of Indian Hotels Company Ltd. stood at Rs. 275.70/share on NSE, up by 0.16%, till last traded. In the last 5 days, the share price of this company has surged by 1.96% on NSE, and in the last 1 month, its share price has surged by 9.88%. In the past 6 months, it has gained 34.52%, and in the last 1 year, its share price has gained by 105.21%. Its share price has been up by 172.46% in the last 5 years.

The 52-week high level of this stock is Rs. 281.15, and the 52-week low level of this stock is Rs. 129.01.

Market capitalization	Current market price	6 Months performance	1 Year performance
Rs. 139,756 crore	Rs. 275.70	34.52%	105.21%

Financial results

In Q1FY23, Indian Hotels reported a consolidated net profit of Rs. 170.05 crore, compared to Rs. 277.34 crore in Q1FY22. In Q1 PAT increased 129.21% from Rs. 74.19 crore, reported in Q4FY22. Its revenue gained by 249.45% to Rs. 1,293 crore in Q1, compared to Rs. 370 crore in the same period, last year. Puneet Chhatwal, Managing Director and CEO of Indian Hotels stated, "We have reported its best first quarter in the company's history. This performance has been boosted by a surge in demand across markets and segments, with occupancy and rates exceeding pre-Covid levels. This has resulted in a milestone EBITDA Margin of 31.3%, which is an improvement of 1,140 bps over the first quarter of FY20."

Disclaimer

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