India Hotels: Retail investors keep an eye on the stock of market veteran Rakesh Jhunjhunwala. Brokerage report on Rakesh Jhunjhunwala stock Motilal Oswal and ICICI Direct have given their latest call. Amidst the volatility in the market, if you are also planning to invest in strong stocks, then on the basis of the brokerage report, you can make a strategy in the stock of Indian Hotels. In today’s trading session, there is a lot of volatility in the stock market. In such a situation, in which stock to invest money or which stock to trust, it becomes important for investors to know. Brokerage company Motilal Oswal and ICICI Securities have given a new target on Indian Hotels and have advised to invest. Let us tell you that the company has released the annual report, in which a big announcement has been made regarding its business outlook.
What is the next strategy of Indian Hotels
Brokerage company ICICI Direct has released the annual report for the financial year 2022. The company has launched several types of plans of AHVAAN 2025 strategy. This strategy mainly focuses on 4 issues. The company has announced that under this strategy, the company will fulfill the target of opening more than 300 hotels. Apart from this, the company’s focus is also on increasing the EBITDA margin. At the same time 50:50 ratio between ownership/lease and management room and preparation of fourth net cash balance sheet.
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ICICI Securities what did you advise
Brokerage ICICI Securities has given Buy Advice here but has changed the target price. The brokerage company has increased the target price for buying on this stock from Rs 292 to Rs 284.
What is Motilal Oswal’s opinion
Brokerage company Motilal Oswal has given a buy opinion on this stock and has given a target price of Rs 278. According to the brokerage company, investors can get returns of up to 30 percent by investing money in this stock.
Rakesh Jhunjhunwala also has investment
According to the shareholding pattern for the quarter March 2022 available on the BSE, Rakesh Jhunjhunwala held 1.11 per cent (1,57,29,200 equity shares) of the company in Indian Hotels. At the same time, Rakesh Jhunjhunwala held 1,42,79,200 shares or 1.08 percent stake in India Hotels till the December 2021 quarter. In this way, Big Bull has bought 14.50 lakh shares of India Hotels Company Limited in the January-March quarter.
On the other hand, Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala held 1.01 per cent (1,42,87,765 equity shares) stake in Indian Hotels as of March 2022 quarter. Rekha Jhunjhunwala held 1.08 percent stake in the company in the December 2021 quarter. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala had a combined stake of 2.12 per cent in Indian Hotels in the March 2022 quarter. In the December 2021 quarter, the combined stake of both in the company was 2.16 percent. In this way, the holding of Rakesh Jhunjhunwala portfolio has come down by 0.04 per cent.
(Disclaimer: The investment advice here is given by the brokerage house/expert. These are not the views of Zee Business. Consult your advisor before investing.)