iStock Securities has buy call on with a target price of Rs 379. The current market price of Chalet Hotels is Rs 361.1. HDFC Securities recommended to keep stop loss at Rs 341.5.
Chalet Hotels, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 7321.44 Crore) operating in Tourism & Hospitality sector.
Chalet Hotels key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services, Lease Rentals and Income from Retailing for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 321.80 Crore, up 28.48 % from last quarter Total Income of Rs 250.47 Crore and up 94.21 % from last year same quarter Total Income of Rs 165.70 Crore. Company has reported net profit after tax of Rs 102.35 Crore in latest quarter.
The company’s top management includes Mr.Hetal Gandhi, Mr.Sanjay Sethi, Mr.Neel C Raheja, Mr.Ravi C Raheja, Mr.Arthur William De Haast, Ms.Radhika Piramal, Mr.Joseph Conrad D�Souza. Company has B S R & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 20 Crore shares outstanding.
Investment Rationale The daily RSI is in an attempt to move above 60 levels; volume has started to expand during recent up move.
Chalet Hotels, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 7321.44 Crore) operating in Tourism & Hospitality sector.
Chalet Hotels key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services, Lease Rentals and Income from Retailing for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 321.80 Crore, up 28.48 % from last quarter Total Income of Rs 250.47 Crore and up 94.21 % from last year same quarter Total Income of Rs 165.70 Crore. Company has reported net profit after tax of Rs 102.35 Crore in latest quarter.
The company’s top management includes Mr.Hetal Gandhi, Mr.Sanjay Sethi, Mr.Neel C Raheja, Mr.Ravi C Raheja, Mr.Arthur William De Haast, Ms.Radhika Piramal, Mr.Joseph Conrad D�Souza. Company has B S R & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 20 Crore shares outstanding.
Investment Rationale The daily RSI is in an attempt to move above 60 levels; volume has started to expand during recent up move.
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