Stock for the Month - INDIAN HOTELS COMPANY LIMITED (IHCL)

INDIAN HOTELS COMPANY LIMITED (IHCL) 

ABOUT THE COMPANY 

The Indian Hotels Company limited (IHCL) is a Taj Group hospitality company incorporated in 1899 by Jamsetji Tata. he company opened its first hotel, the Taj Mahal Palace, in Mumbai in 1903. The Company offers services in the areas of hotels, resorts, jungle safaris, palaces, spas and in-flight catering services.The Taj Mahal Palace, Mumbai, has remained an iconic flagship and has set a benchmark for fine living with exquisite refinement, inventiveness and warmth. Indian Hotels Company Limited (IHCL) has a portfolio of 170 hotels, including 25 under development, in over eighty locations in twelve countries spread across four continents. 

• IHCL is amongst South Asia’s largest hospitality companies by market capitalization and represents a global hallmark of quality in hospitality. 
• The IHCL group includes brands like Ginger, Vivanta and SeleQtions. 
• In the 1970s, IHCL expanded its operations by opening a Tower Wing to The Taj Mahal Palace, Mumbai, increasing the number of rooms from 225 to 565. Also opened the Taj Fort Aguada, Goa and palaces such as Taj Lake Palace, Udaipur and Rambagh Palace, Jaipur. 
• In 2005, the company acquired on lease The Pierre, a renowned hotel in New York City, to enter the luxury end of the developed hotel markets internationally. 
• The Taj Group operates hospitality in six continents, majorly presence in New york, Sri lanka, Malaysia, Maldives, San Fransisco, UAE, Nepal, Bhutan and South Africa. 

Fundamental Analysis 

We select Indian Hotel on the basis of strong fundamentals of the company. The Taj Group Company has current Market Capitalization of more than Rs. 18000 cr. The Company has improved its performance in the last four quarters and also declared exceptional previous quarter result. Though the company has high Price to Earning Ratio but the on the growth prospect when we calculate PEG ratio it is still a good bet to buy at current levels. 

• The company has reported net sales of Rs.1281.55 crores in the last quarter of 2019 as compared to Rs.1164.02 crores during the last quarter of 2018. 
• In the September and June quarter of 2018 the sales was below Rs.1000 cr. but now it has revived again. 
• The company has posted net profit of Rs.122.56 crores during the last quarter of 2019 as against Rs.79.30 crores during the last quarter of 2018. 
• During September 2018 quarter the company reported loss and now it has posted strong net profit growth. 
• The company has reported EPS of Rs.2.41 for the 12 months period ended March 31, 2019 as compared to Rs.0.91 for the 12 months period ended March 31, 2018. 
• Operating Profit Margin has improved marginally over the last one year. 

Financials	Values
P/E Ratio	65.10
Industry P/E	49.98
Price to Book Value	3.62
PEG Ratio	0.37
ROCE	8.9%
ROE	6.9%

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Stocks To Watch for July Month -- Torrent Pharma

TORRENT POWER 
About the Company 
Torrent Power is one of the leading power company of India, It is a renown Torrent Group Company. The company is into the business of power generation, transmission, distribution and manufacturing and supply of power cables. It is one of the largest private player in electricity generation in India.The company is the sole distributor of electricity to consumers in the cities of Agra, Ahmedabad, Bhiwandi, Gandhinagar, Surat.

• The Company is amongst the best run power utilities in the country with highly efficient generation assets. It has a portfolio of coal based, gas based and renewable power plants with an aggregate generation capacity of 3600 MW. 
• It also has under-construction wind power plants aggregating to 1111 MW. 
• The Company 1st acquired Ahmedabad Electricity Company from the Gujrat Government. It purchased the entire 28.89% stake from the government. 
• Torrent Power AEC, Torrent Power SEC, and Torrent Power Generation later merged to form Torrent Power Ltd with effect from 1st April 2005. 
• Torrent Power operates 249 km and 105 km 400kV double circuit transmission lines implemented by it, for evacuating power generated at SUGEN and DGEN plant to various off-take centres. 
• The T&D losses in Gujarat at 6.54% is amongst the lowest in the country. A testimony of Torrent Power’s operational efficiency is the drastic reduction in T&D losses in Bhiwandi from 48% in January 2007 to the present 19.33% 
• The Cables Unit manufactures Power & Control Cables and is one of the market leaders in HT Power Cable segment with a manufacturing capability of up to 132 kV XLPE Cables. 
• Recently the company got the approval from Gujarat Electricity Regulatory Commission for power procurement arrangement of 278 MW between the company's UNOSUGEN power plant and its Licensed Distribution Business for cities of Ahmedabad, Gandhinagar and Surat. 

Technical Analysis 

We recommend Torrent Power on the basis of Technical Analysis. The stock was trading in a range of only 40 points from the last one year (Since June 2018). Now recently it managed to break out its consolidation range and we expect it to continue its bull rally with heavy volumes in the upcoming months. The stock looks promising on weekly and monthly charts.

• The stock holds strong support at rising trend line on weekly chart drawn from the lows of August 2013, November 2016 and October 2018. 
• Recently the stock bounced back sharply from its 100 day EMA (Exponential Moving Average). And also managed to sustain above this moving average from the last 3 years. 
• The Elder ray Bull Power Indicator breaks its average of 30 and indicates powerful break out. 
• 277 was the key resistance which the stock breaks recently with heavy volume. 
• It also breaks short symmetric triangle pattern on weekly chart. The triangle formation starts in the 2nd week of October 2018. 
• The Next weekly and Monthly resistance exists at 307. Post which stock may head towards its all-time high level of 375. 
• 210 will act as strong support and should not be breached if the stock has to hit record highs in the upcoming months. 
• Buying is recommended in the ranges between 260 and 280 for the targets of 307 (For short-term traders) and 340 with stop loss below 210.

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