Rakesh Jhunjhunwala invests Rs. 667 crore in Tata Group Indian Hotels share

As of Thursday's trading, renowned financier Rakesh Jhunjhunwala with his wife Rekha acquired a combined 2.12% stake in IHCL, worth Rs 667 crore. The current laws are attainable and practical, according to specialists who studied the annual report.

Rakesh Jhunjhunwala Tata Group Indian Hotels

Experts review the annual report of Indian Hotels Company Limited owned by the Tata Group:

  • Financial experts support the share of a corporation owned by the Tata Group. Indian Hotels Company Limited is this company (IHCL).
  • Indian Hotels is a severe investment for accomplished investor Rakesh Jhunjhunwala. On Thursday, June 22, 2022, the assets of this Tata firm are dealing at Rs 220.90.
  • In its annual report, Indian Hotels stated that its management prioritises asset-light expansion through management agreements. This was noted in an Economic Times report.
  • The annual report, according to brokerage firm Motilal Oswal, highlights the company's attempts to grow both its new and existing business. To increase margins and provide greater returns, it is also about deploying your capital efficiently.

Rakesh Jhunjhunwala's investments in Indian Hotels:

  • Prominent industrialist Rakesh Jhunjhunwala and his wife, Rekha Jhunjhunwa, have a 2.12% interest in Indian Hotels Company, according to the holdings for the March 2022 quarter.
  • Rakesh Jhunjhunwala's shareholding is worth approximately Rs 667 crore, based on trades made on Thursday.
  • Indian Hotels’ stock has lost 22% over the past six months, and simultaneously, the company's shares have returned 20.29 per cent to investors this year.

Learn about the top 5 hotel's shares in India.

Related: How can Investors benefit from growing forex reserves

What can investors expect now?

Brokerage Optimistic As Revenue Rises Brokerage firm Post Covid:

  • Indian Hotels stock is up following the company's FY22 Annual Report. It emphasised its efforts to expand its new and existing companies and effectively use its money to provide higher returns.
  • In India, hotel room revenue has increased by 80% year over year, according to a Motilal Oswal analysis. After the latest wave of coronaviruses peaked, the occupancy rate went up.
  • On an annual basis, the beverage and food income of hotels in India has increased by 78%.
  • The stock's target price of Rs. 292 to Rs. ICICI Securities have slightly reduced 284.
  • The company's aim to implement its "AHVAAN 2025" strategy is reiterated in its FY22 annual report.

RelatedHow Covid-19 is affecting the investors?

With a steady uptick in business and leisure travel, the company reported that April and May’s revenues were 10% higher than pre-Covid levels. ICICI Securities anticipates that FY23E and FY24E revenues will be 104% and 122% of pre-Covid (FY20) stages, respectively. The scrip increased by 2.97 per cent.

Related: Factors affecting the Indian share market

Disclaimer: This article is for general information and should not be construed as insurance, investment, tax, or legal advice. You should separately obtain independent advice when making decisions in these areas.


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