Espresso shot of the day – Chalet Hotels Ltd up by 10.48 percent

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Espresso shot of the day – Chalet Hotels Ltd up by 10.48 percent

September 27, 2021
Espresso shot of the day – Chalet Hotels Ltd up by 10.48 percent

CHALET HOTELS LTD. 239.40 (+10.48 %) BSE – INE427F01016 | 27TH SEPTEMBER 2021

Part of the K Raheja Corp group, Chalet Hotels Limited is an owner, developer, asset manager and operator of high-end hotels and hotel-led mixed-use developer in key metro cities in India’s Mumbai Metropolitan Region, Hyderabad, Bengaluru and Pune. Chalet focuses on driving business efficiencies right from the pre-development stage and through the lifecycle of the asset while maximizing returns on every square foot owned and operated. The portfolio comprises seven fully operational hotels representing 2,554 keys, across mainstream and luxury segments, and four commercial and retail spaces, representing 0.9 mm sq.ft. in close proximity to the hospitality assets. Contemporary and well-planned designs, strategic locations and long-standing experience in asset management make the business proposition an unmistakable choice among stakeholders and customers alike.

Recent Drivers

  • Hospitality stocks are in demand recently as declining COVID-19 cases in India has boosted reopening optimism. Furthermore, reports suggest that India may soon reopen for foreign tourists for the first time in one-and-a-half years.
  • On Sept 21, 2021, Chalet Hotels Limited (CHL) said that it has become the first hospitality company globally to join Climate Group's initiatives linked to renewable electricity, energy efficiency and electric mobility.
  • On Sept 21, 2021, under the three initiatives by Climate Group, Chalet Hotels’ commitments include (Renewable Electricity) RE100, under which all properties under the company’s portfolio will move to 100% renewable electricity by 2031. Non-fuel-based energy sources like solar wind and hydropower, already contribute 51% or 13,270 MWh of the power usage across the hotel portfolio.
  • On Aug 12, 2021, Chalet Hotels reported net sales at Rs 67.19 crores in June 2021, up 27.68% from Rs 52.62 crores in June 2020.
(Sources: Business Standard, Moneycontrol, BSEIndia)


Technical Force*

  • S&P BSE 500 month till date gain up by 4.27%
  • Traded on new 52-week-high value: 255.5
  • 3 months avg. NSE volume: 6,83,580
  • Quantity traded: 5,99,280 | Deliverable quantity: 2,37,019 (39.56%)
  • Stock price has jumped more than 100% from one-year-low level: 125.05 (April 19, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 255.5 | 52-week-low: 125.05

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

  610.10

491.05

337.10

218.05

64.10

-

-

    -

Fibonacci Pivot

491.05

386.76

322.34

280.84

218.05

155.26

113.76

49.34

    -


Today’s Close

239.40

SMA

BSE

10 DAY

196.51

20 DAY

186.55

50 DAY

177.77

200 DAY

172.43


Some Key Ratios (Source: BSE)

Market Cap: 4,908.27 crores

PE: -37.17

OPM%: -3.4

ROE%: -8.34

Promoters holding%: 71.65

Prev. Close: 216.7

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.