Indian Hotels Co Ltd (INDHOTEL)

IHCL Plans Expansion with Over 50 New Hotels - 17 May, 2024

Indian Hotels Company Ltd (IHCL) is set to expand its portfolio with over 50 new hotels across brands in the next two years. The company has also launched Taj Sky View Hotels and Residences in partnership with Ampa Group.

IHCL Launches Taj Branded Residences Offering in Chennai - 16 May, 2024

Indian Hotels Co Ltd (IHCL) has announced the launch of its Taj branded residences offering in Chennai, partnering with AMPA Group. The mixed-use development will also house IHCL's fifth Taj property and is set to become an iconic development for the region.

Indian Hotels Invests in New Platform for Expansion - 14 May, 2024

Indian Hotels Company is set to expand its presence in the hospitality industry through investments in their new platform Ekyam, developing 25 hotels with 2,500 rooms by 2025. Additionally, the company's stock shows bullish technical signals, indicating a potential shift from bearish to bullish.

Indian Hotels Increases Dividend, Shows Strong Earnings Growth - 12 May, 2024

Indian Hotels Co Ltd has announced an increase in dividend to ₹1.75, with a payout ratio estimated at 12%. The company has shown strong earnings growth of 30% per year over the past five years and is set to see EPS grow by 90.4% next year. With distributions easily covered by earnings and effective reinvestment in its business, Indian Hotels looks like a promising income stock.

IHCL Announces Partnership for Hotel Portfolio Expansion - 09 May, 2024

Indian Hotels Company Limited (IHCL) has announced a strategic partnership with CG Hospitality to expand its hotel portfolio to 25 properties by 2025, involving an investment of around Rs 4,000 crore. The two groups have set up a platform called Ekyam that will manage the portfolio and explore opportunities in adventure destinations across the Indian Ocean and Greater Himalayan regions and wildlife escapes.

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.