Buy Taj GVK Hotels & Resorts, target price Rs 194: ICICI Direct

ICICI Direct has buy call on Taj GVK Hotels & Resorts with a target price of Rs 194. The current market price of Taj GVK Hotels & Resorts is Rs 182.5. Time period given by analyst is 7 days when Taj GVK Hotels & Resorts Ltd. price can reach defined target.

Taj GVK Hotels & Resorts Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 1148.38 Crore) operating in Tourism & Hospitality sector.

Taj GVK Hotels & Resorts Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company has reported a Consolidated Total Income of Rs 86.47 Crore, up 32.58 % from last quarter Total Income of Rs 65.22 Crore and up 246.30 % from last year same quarter Total Income of Rs 24.97 Crore. Company has reported net profit after tax of Rs 15.97 Crore in latest quarter.

The company’s top management includes Dr.G V K Reddy, Mrs.Dinaz Noria, Mr.A Rajasekhar, Mr.N Sandeep Reddy, Mr.N Anil Kumar Reddy, Mr.M B N Rao, Mr.D R Kaarthikeyan, Mr.Anoop Vrajlal Mehta, Mr.Krishna R Bhupal, Mr.Puneet Chhatwal, Mrs.Shalini Bhupal, Mrs.G Indira Krishna Reddy, Mr.L V Subrahmanyam. Company has M Bhaskara Rao & Co. as its auditors. As on 30-06-2022, the company has a total of 6 Crore shares outstanding.



Promoter/FII Holdings
Promoters held 74.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 0.37 per cent, DIIs 3.11 per cent.