multibagger stock: Multibagger Stock: Unavoidable cash requirement .. Good luck at a difficult time .. 180% profit in 2 years! – this hotel company indian hotels co has turned into a multibagger stock after delivering exceptional returns in the last two years

by time news
Indian Hotels Co continues to be the largest hospitality company (in terms of market capitalization) in South Asia. It is an S&P BSE 200 company. In addition, it is a subsidiary of the Tata Group. The company offers a wide range of services ranging from luxury to resorts, jungle safaris and in-flight catering. IHCL has a history of over 115 years.

IHCL’s growing projects such as urban leisure service, retail and concept travel are part of the company’s evolution. As a result, the company is constantly on the path of renewal for future generations. Provides customers with brands such as Taj, Selections, Vivanda, Gateway, Ginger, Expressions, Taj Chats.

When the hospitality sector was severely affected during the Kovit period, the Indian hotel company not only re-established its business but also provided income to its shareholders. The company’s share price has risen more than 186 percent in the past two years. On June 1, 2020, the share price rose to Rs. Was 81.59. It is priced at Rs. Reached 235.

On a consolidated basis, the company’s net profit stood at Rs. 71.57 crore. The company reported a net loss of Rs. 97.72 crore during the fourth quarter of the financial year 2021-22, an increase of 52.42 per cent to Rs. 954.88 crore. Revenue for the last quarter was Rs. 626.47 crore. In today’s trade, the Indian Hotel share price rose to Rs. The stock traded down 0.42 percent at 235.55. The stock has a maximum of Rs. 268.85. The 52-week low was recorded at Rs 117.59.

This article is sponsored by Talal Street Investment Journal, India’s No. 1 investment magazine. To keep up to date on winning stocks and nominations, join by clicking here.

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