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Indian Hotels has target of Rs 90: Kulkarni

Indian Hotels has target of Rs 90, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking.

May 11, 2011 / 02:52 PM IST
 
 
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Indian Hotels has target of Rs 90, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking.


Kulkarni told CNBC-TV18, "Indian Hotels is a stock wherein we are seeing that the stock has bounced from its lows and we would expect this particular movement to continue on the upside. So target price on the upside would be near to the levels of around Rs 90."


The company's trailing 12-month (TTM) EPS was at Rs 1.41 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 58.76. The latest book value of the company is Rs 35.51 per share. At current value, the price-to-book value of the company was 2.33. The dividend yield of the company was 1.21%.

Disclosure: It is possible that we hold positions in the above stock and we have recommended to our clients.

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