Espresso shot of the day – Indian Hotels Co. Ltd. up by 8.15 percent

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Espresso shot of the day – Indian Hotels Co. Ltd. up by 8.15 percent

September 20, 2021
Espresso shot of the day – Indian Hotels Co. Ltd. up by 8.15 percent

INDIAN HOTELS CO. LTD. 161.20 (+8.15 %) BSE – INE053A01029 | 20TH SEPTEMBER 2021


The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the hallmark of iconic hospitality; SeleQtions, a named collection of hotels; Vivanta, sophisticated upscale hotels; and Ginger, which is revolutionizing the lean luxe segment. Incorporated by the founder of the Tata Group, Jamsetji Tata, the company opened its first hotel, The Taj Mahal Palace, in Bombay in 1903. Perhaps the grandest and most recognized of Jamsetji Tata’s tributes to his beloved city remains to be the hallmark of Indian hospitality, even today.IHCL has a portfolio of 196 hotels including 40 under-development globally across 4 continents, 12 countries and in over 80 locations. IHCL is South Asia’s largest hospitality-focused enterprise with true Indian origins. Backed by a 115-year plus legacy across consumers and businesses, it was originally incorporated by the founder of the Tata Group, Jamsetji Tata, in 1902.

Recent Drivers

  • On Sept 1, 2021, Indian Hotels Company Limited (IHCL) has launched its newest membership club, Taj The Chambers, in London as part of a wider re-imagined worldwide drive for India's leading hospitality brand.
  • On Sept 1, 2021, ICRA Limited has reaffirmed the long-term credit rating of the company and the outlook has been revised from Negative to Stable.
  • On Aug 23, 2021, Indian Hotels Company (IHCL) announced it will come out with a Rs 3,000 crore rights issue, making it the biggest fund-raising activity by the Tata Group company in the recent past.
  • In Aug 2021, the company declared net sales at Rs 207.40 crores in June 2021, up 117.77% from Rs 95.24 crores in June 2020.
  • On June 30, 2021, a special committee of the Board approved raising up to Rs 250 crores on a private placement basis through non-convertible debentures (NCDs).
  • On June 26, 2021, the Indian Hotels Company Limited (IHCL) announced that its iconic brand, Taj, has been rated the Strongest Hotel Brand in the World by Brand Finance, the world's leading brand valuation consultancy in its annual Hotels 50 2021
(Sources: Business Standard, Moneycontrol, BSEIndia)


Technical Force*

  • S&P BSE 200 month till date gain up by -1.30%
  • Traded on new 52-week-high value: 169.2
  • Spurt in volume by more than 4.69 times compared to previous vol. | 3 months avg. qty. : 3,23,922
  • Quantity traded: 22,48,111 | Deliverable quantity: 6,33,293 (28.17%)
  • Stock price has jumped more than 80% from one-year-low level: 85 (Sept 24, 2020)
  • Daily RSI (14) is near Overbought territory today
  • 52-week-high: 169.2 | 52-week-low: 88.6

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

248.18

199.37

159.73

110.92

71.28

22.47

-

    -

Fibonacci Pivot

199.37

165.58

144.70

131.26

110.92

90.57

77.13

56.25

22.47


Today’s Close

161.20

SMA

BSE

10 DAY

151.58

20 DAY

146.72

50 DAY

146.16

200 DAY

129.32


Some Key Ratios (Source: BSE)

Market Cap: 19,170.85 crores

PE: -37.22

OPM%: -42.52

ROE%: -11.32

Promoters holding%: 40.75

Prev. Close: 149.05

*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.