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International Travel has target of Rs 140-150: S Chhabria
Sanjay Chhabria, Equity Analyst & Invst Consultant is of the view that International Travel House has target of Rs 140-150. It is an ITC group company. It is India’s premium travel & tourism company. The company offers full booking of travel and travel related solutions.
Chhabria told CNBC-TV18, "International Travel House is an ITC group company. It is India's premium travel & tourism company. The company offers full booking of travel and travel related solutions. I mean airline tickets, human management, forex and besides the company is a one of India's branded car rental company with a fleet of 900 cars. The company serves as a one shop stop to tourist, whether corporate or leisure and the company's corporate clients include names are Infosys, Bharti Airtel, Sun Micro apart from the ITC group."
He further added, "The financials for FY09 has been subdued but in spite the company has posted an EPS of Rs 10.25 and dividend declared is at 30%. The stock is currently quoting at Rs 90 levels still quotes at a dividend of Rs 3 per share. If you look at the current market cap of the company it is just Rs 74 crore. If you compare it with other listed peers like Thomas Cook I think the company is available at a still and if you add up to the car rental business I think the stock holds potential for good appreciation in the medium term. I have a conservative price target of Rs 140-150 on the stock."
Disclosure: Analyst doesn't hold the above stock but have recommended it to his clients.
