Rs 82 to Rs 235: This hotel company delivered 186% returns in two years!
The Indian Hotels Co Ltd has turned into a multibagger stock after delivering exceptional returns to its shareholders in the last two years.
Hospitality industry had a massive setback during the pandemic. The Indian Hotels Company Ltd has not only managed to rebuild its business but also delivered returns to its shareholders. Its stock price has risen by over 186% in the last two years, going from Rs 81.59 on 1 June 2020 to Rs 235 on 31 May 2022.
The Indian Hotels Company Limited, which is a part of the S&P BSE 200, is South Asia’s largest hospitality company by market capitalization. It is managed as a subsidiary of Tata Group. With businesses ranging from iconic luxury to upscale and budget stopovers as well as in-flight catering, IHCL’s pioneering leadership is backed by a rich 115-year legacy.
IHCL’s emerging initiatives in urban leisure, service retail, and concept travel are a part of its evolution, one that is continuously recrafted for future generations. IHCL, through all its vivid brands - Taj, SeleQtions, Vivanta, The Gateway, Ginger, Expressions, and TajSATS - believes in adding passion to the process.
On a consolidated basis, the company has reported a net profit of Rs 71.57 crore for the current quarter as compared to a net loss of Rs 97.72 crore for the same quarter last year. The total income of the company increased by 52.42% to Rs 954.88 crore for Q4FY22 as compared to Rs 626.47 crore in the last quarter.
At 1:35 pm, the shares of Indian Hotel Co. Ltd were trading at Rs 235.45, an increase of 0.17%. The stock has a 52-week high and low of Rs 268.85 and Rs 117.59, respectively on BSE.
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