Kamat Hotels India Ltd Stock Quotes and Charts
March qtr results are expected to encouraging.full year eps is expected to be around 26 to 28 levels.stay invested if holding.<br>
Buy@ Rs 170 For target of Rs 320 In More then 1 Year.KHIL came out with an IPO in October 1994 at a premium of Rs.50 per share of Rs.10 aggregating Rs.30.60 cr. and 5.5 lakh 14% NCDs of Rs.100 aggregating Rs.5.5 cr. to expand and modernise its hotel business. Tourist arrivals, hotel occupancies and room rates have touched an all time high. With the success of 'Incredible India' campaign, introduction of low cost airline services, growing thrust on development of infrastructure and India's emergence as a dominant outsourcing hub have led to a remarkable increase in foreign tourists arrivals boosting the prospects of the hospitality sector.<br><br><br>KHIL achieved an aggregate turnover of Rs.112.83 cr. in FY07 against Rs.82.34 cr. in FY06. PAT was Rs.20.58 cr. in FY07 against Rs.15.58 cr. in FY06. For the first nine months of FY08, it posted sales of Rs.105 cr. against Rs.76.5 cr. in the previous corresponding period. Net profit shot up more than 100% to Rs.22.15 cr. from Rs.11.04 cr. on its equity of Rs.13.79 cr. as the gross profit margin improved from 34.45% to 37.56%. KHIL may post an EPS of around Rs.25 for FY08. Thus stock is available at P/E ratio of less than 7. Morgan Stanley Mauritius Company holds around 4.76% in KHIL. The weakening of the rupee will also help the hotel industry to improve profit margins. The KHIL stock has a 52-week high of Rs.315 and is facing resistance around Rs.180 level. Sustained closing above Rs.180 can give a good upside breakout. At current valuations, its market cap is just Rs.220 cr. KHIL is one of the cheapest stocks in the hotel sector, which investors can add with a long-term view.
Kamat Hotels (India) Ltd (KHIL), one of the fastest growing hospitality groups in the country, is planning to open a new luxury hotel at Nashik, under the brand name 'VITS' within a year. KHIL has set Rs. 200 crore turnover target for the current FY 2008-09.
promoters and insiders are buying in a big way. The CFO was major buyer last week. This time it is promoter Vithal Kamat.<br>Kamat Hotels gallops to 52-week high as foreign funds check-in.<br>Kamat Hotels (India) reported a net profit of Rs 6.09 crore in Q3 December 2009
Fix Price - Rs 15 Per Trade
Rs 899/Month,8999/Year for
Equity Cash and F&O
Rs 499/Month,4999/Year for
Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty
Free Equity Delivery Trades
Flat Rs 20 Per Trade for F&O
Rs 999 for Unlimited Trading
Brokerage: Intraday @ 0.02%, Delivery @ 0.15%
Beginner, seasoned investor, active trader or HNI. Get customised solutions.