CASH: BUY IND HOTELS

EQUITY

July 22, 2021
By Dipankar Sardar
49 Views 697 comments

The Indian Hotels Company Limited (IHCL) is an Indian hospitality company that manages a portfolio of hotels, resorts, jungle safaris, palaces, spas and in-flight catering services. It is a subsidiary of the Tata Group conglomerate.IHCL was founded in 1868 by Jamsetji Tata and is headquartered in Mumbai, Maharashtra. It has more than 196 hotels in 80 locations across 4 continents and in 12 countries, with over 20,000 rooms and 25,000 employees.^[2] Jamsetji Tata, an Indian industrialist who founded the Tata Group, incorporated IHCL in 1899 and opened its first hotel—The Taj Mahal Palace in Mumbai, Maharashtra, India—in 1903. In the 1970s, IHCL expanded its operations by opening a Tower Wing to The Taj Mahal Palace, Mumbai, the Taj Fort Aguada, Goa and palaces such as Taj Lake Palace, Udaipur and Rambagh Palace, Jaipur. It also expanded outside India by launching Taj Pamodzi, Lusaka in Zambia.^[3]In May 2017, IHCL announced it was moving all of its hotels under a unique brand, Taj Hotels Palaces Resorts Safaris. The brands Vivanta by Taj and Gateway were merged into a single business unit.^[6][7] During the summer of 2017, Cyrus Mistry stated that some of the group’s latest costly acquisitions (Sea Rock Hotel, The Pierre in New York, Taj Boston) “destroyed the economic value of the company”.^[8] The unique brand decision was reversed in 2018.^[9] April 2018, the group opened its first location in Saudi Arabia through a partnership with the Umm al-Qura construction company.^[10] In April 2019, IHCL launched the hotel brand SeleQtions with 12 location openings.^[11] In May 2019, IHCL signed a strategic partnership with GIC Private Limited (Singapore’s sovereign wealth fund) to acquire 600 million dollars’ worth of hotel assets over three years

Script Name –INDHOTEL

Buy Price –146

Profit Target-164

Stop Loss-140

Call Duration- Delivery

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