JINDAL HOTELS LTD (Face Value: Rs.10) :-
Jindal Hotels Limited engages in the hotel business in India. The company operates Grand Mercure Vadodara Surya Palace hotel located in Vadodara, as well as Azure restaurant. Its hotel has various facilities, such as 143 guest rooms, 6 large and medium banquet halls, board room, restaurant, swimming pool, health club, liquor shop, and other amenities. It has an equity capital of just Rs.6crore and reserves of Rs.19.35crore. The promoter holds 64.33%
while the investing public holds 35.57% stake in the company. Promoters increased their stake by 2.91% during July-December-18 which is positive sign. During 9MFY19, its net profit soared 9611% to Rs.0.87crore from Rs.0.01crore in 9MFY18 on higher income of Rs.27.25crore fetching an EPS of Rs.1.46. Stock was traded at Rs.88 levels in May 2018 and stock almost corrected 52% from recent high. Everyone, whose financial advisor is allowing to trade in this stock for medium to long term can watch with a stop loss of Rs.35.
Jindal Hotels Limited engages in the hotel business in India. The company operates Grand Mercure Vadodara Surya Palace hotel located in Vadodara, as well as Azure restaurant. Its hotel has various facilities, such as 143 guest rooms, 6 large and medium banquet halls, board room, restaurant, swimming pool, health club, liquor shop, and other amenities. It has an equity capital of just Rs.6crore and reserves of Rs.19.35crore. The promoter holds 64.33%
while the investing public holds 35.57% stake in the company. Promoters increased their stake by 2.91% during July-December-18 which is positive sign. During 9MFY19, its net profit soared 9611% to Rs.0.87crore from Rs.0.01crore in 9MFY18 on higher income of Rs.27.25crore fetching an EPS of Rs.1.46. Stock was traded at Rs.88 levels in May 2018 and stock almost corrected 52% from recent high. Everyone, whose financial advisor is allowing to trade in this stock for medium to long term can watch with a stop loss of Rs.35.
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