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Buy Taj GVK Hotels & Resorts, target Rs 190: Dharmesh Shah

ETMarkets.com|
Sep 26, 2017, 12.13 PM IST
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Dharmesh Shah of ICICI Direct has a buy call on Taj GVK Hotels & Resorts with a target price of Rs 190.

The current market price of Taj GVK Hotels & Resorts is Rs 171.

Time period given by the analyst is intraday when Taj GVK Hotels & Resorts price can reach defined target.

Dharmesh Shah recommended to keep a stop loss at Rs 157.

Taj GVK Hotels & Resorts, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 1,059.66 Crore) operating in Hospitality sector.

Taj GVK Hotels & Resorts key Products/Revenue Segments include Service (Hotel) which contributed Rs 264.49 Crore to Sales Value (100 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 59.44 Crore, up 4.50 per cent from last quarter Sales of Rs 56.88 Crore and up 4.50 per cent from last year same quarter Sales of Rs 56.88 Crore.

Company has reported net profit after tax of Rs 1.96 Crore in latest quarter.

The company's top management includes Dr.G V K Reddy, Mr.A Rajasekhar, Mr.C D Arha, Mr.D R Kaarthikeyan, Mr.G Krishna Murthy, Mr.G V Sanjay Reddy, Mr.Giridhar Sanjeevi, Mr.K Jayabharath Reddy, Mr.Krishna R Bhupal, Mr.M B N Rao, Mr.Rajendra Misra, Mr.Rakesh Sarna, Mr.S Anwar, Mrs.G Indira Krishna Reddy, Mrs.Santha John, Mrs.Shalini Bhupal.

Company has Bhaskara Rao & Co. as its auditors.

As on 30-06-2017, the company has a total of 62,701,495 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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