TajGVK Hotels & Resorts Ltd.*TajGVK Hotels & Resorts Ltd.*
C&H Pattern: Smaller & Bigger Yearly Basis
Price BreakOut Needed. If Sustained, Good to Go!!!
Vol. Consolidaton & Continued BuiltUp.
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot:*
JV b/w Hyderabad-based GVK Group & IHCL (Tata Group Co.). Has inventory of 1,362 rooms (1,083 rooms at SA level & 279 rooms under JV, Greenwoods Palaces & Resorts Pvt. Ltd).
Rising Sales/Profitability: Yrly Basis. Fluctuating on Qtrly Basis.
Improved leverage position (Moderate).
+ve CF from Ops. Stable Promoter Holding (74.99%).
Sharp Improvement in RoA/RoE/RoCE for FY22 vs. FY21.
Healthy demand outlook for the hotel industry
*Concern:*
Major concentration: Hyderabad: 4 In Hyd (52% Capacity)
Capex plans of ~ Rs.250 Crs - FY23-FY26
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
TAJGVK trade ideas
TAJ GVK HOTELSTajGVK Hotels & Resorts Limited, incorporated in 1995, is a joint venture between the Hyderabad based GVK Group and Indian Hotels Company Limited (IHCL)
Stock is trading at 3.34 times its book value
Looking Bullish in chart Above 10,20,50,100,200 Day Moving average
Breakout above 202 will bring target as mentioned in the chart , with SL of 182
TAJGVK HOTELHello and a warm welcome
In this analysis I have covered TAJGVK Hotel which is giving an Ichimoku breakout in daily time frame and pattern wise also looks bullish in weekly time frame.
It could rally till 160/170/185 and more in the medium to long term. Failure to hold 115 would negate the view.
TAJ GVK HOTELSTata group company
Having potential to upside huge, Due to pandemic stock fall,their business also stop because of corona virus,now after opening all hotel, Foreigner come india showing automatically profit price go upside
According to me stock has huge potential to go upside investment 1 Year