Indian Hotels

IHCL abandons its $1.2-billion bid for Orient-Express

IHCL abandons its $1.2-billion bid for Orient-ExpressIndian Hotels Company Ltd (IHCL) is no longer will not further pursue its takeover bid for Bermuda-based Orient-Express Hotels, Tata Group confirmed on Friday.

IHCL, the operator of widely renowned Taj Mahal hotels, had offered to acquire the remaining 93.1 per cent stake in luxury hospitality chain Orient-Express Hotels at a 40 per cent premium to the then market price.

Indian Hotels may hike room tariffs

Indian Hotels may hike room tariffsIndian Hotels Company Ltd (IHCL), a subsidiary of Tata Group, announced on Monday that it might increase room tariffs in some segments.

Raymond Bickson, managing director of IHCL, said, "Due to seasonality, Q4 is looking strong. In Q3, we had increased room tariffs in some of our segments and we hope to improve on that during the next quarter."

Indian Hotels sweetens bid for Orient Express by 10-15%

Indian Hotels sweetens bid for Orient Express by 10-15%Indian Hotels, which is a unit of India's Tata group, is likely to sweeten its bid to acquire British hospitality group Orient Express by about 10 to 15 per cent in the coming days.

Orient Express had turned down the company's earlier offer that valued its shares at $12.63 a piece translating into the value of the entire company at $1.86 billion. The board of the Orient Express Hotels (OEH) had indicated that they might wait for a higher bid.

Orient-Express once again rejects Tata’s takeover offer

Orient-Express once again rejects Tata’s takeover offerOrient-Express Hotels Ltd, the hospitality company whose properties include the likes of the `21' Club in New York and the Hotel Cipriani in Venice, once again turned down the $1.8-billion takeover offer from Indian Hotels Company (IHCL).

Tata Group-owned IHCL had tabled an unsolicited $1.8-billion, or $12.63 a share, takeover offer.

Orient-Express rejected the takeover offer saying it significantly undervalued the company. Robert Lovejoy, chairman of Orient-Express, said the offer was deeply unattractive from a financial perspective.

Buy Indian Hotels With Target Of Rs 92

Buy Indian Hotels With Target Of Rs 92Investment advisor Nishant Jain of Tradeswift Broking has maintained 'buy' rating on Indian Hotels Company Limited stock to attain a target of Rs 92.

According to analyst, the investors can buy the stock with a stop loss of Rs 86.

The stock of the company, on April 25, closed at Rs 87.90 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 1.50 and 58.16 respectively.

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 78 on BSE.

Indian Hotels Intraday Buy Call

Indian Hotels Intraday Buy CallTechnical analyst Kunal Bothra of LKP Shares has maintained 'buy' rating on Indian Hotels Company Limited stock to achieve an intraday target of Rs 106.

According to analyst, the stock can be purchased on dips.

The stock of the company, on January 10, closed at Rs 99.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 86 on BSE.

Current EPS & P/E ratio stood at 1.76 and 56.92 respectively.

Buy Indian Hotels With Stop Loss Of Rs 92

Buy Indian Hotels With Stop Loss Of Rs 92Technical analyst Hitesh Chotalia has maintained 'buy' rating on Indian Hotels Company Limited stock with an intraday target of Rs 100.

According to analyst, the investors can purchase the stock with a stop loss of Rs 92.

The stock of the company, on December 29, closed at Rs 95.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 86 on BSE.

Current EPS & P/E ratio stood at 1.76 and 54.53 respectively.

Buy Indian Hotels With A Target Of Rs 100

Buy Indian Hotels With A Target Of Rs 100Technical analyst Siddharth Bhamre of Angel Broking has maintained 'buy' rating on Indian Hotels Company Limited stock with a target of Rs 100.

According to analyst, the stock can be purchased at Rs 94-95 with a stop loss of Rs 91.

The stock of the company, on Dec 06, closed at Rs 94.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 86 on BSE.

Current EPS & P/E ratio stood at 1.76 and 54.13 respectively.

Buy Indian Hotels With Target Of Rs 125

Buy Indian Hotels With Target Of Rs 125Stock market analyst Ashish Chaturmotha of Anand Rathi Securities has maintained 'buy' rating on Indian Hotels Company Limited stock with short term target of Rs 125.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 96.

Today, the stock of the company opened at Rs 103 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 1.76 and 59.08 respectively.

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 84 on BSE.

Indian Hotels launches its ‘Vivanta by Taj' brand

Raymond N BicksonThe Indian Hotels Company Ltd (IHCL) has launched its new brand on Tuesday. It has announced its new division named 'Vivanta by Taj'. The Indian Hotels Company Ltd (IHCL) comes under the flagship of the Tata group.

It has been the hospitality segment of the company which holds brands like Taj in the country. Now 'Vivanta by Taj' has been included in the segment which is going to be counted in the list of luxurious hotels in India.

Buy Indian Hotel With Stop Loss Of Rs 103

Buy Indian Hotel With Stop Loss Of Rs 103Stock market analyst Shardul Kulkarni of Angel Broking has maintained 'buy' rating on Indian Hotel Company Ltd stock with one-week target of Rs 114.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 103.

The stock of the company, on Sep 03, closed at Rs 106.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 65.60 on BSE.

Current EPS & P/E ratio stood at 1.82 and 58.83 respectively.

Tourism boom to boost revenue of Indian Hotels

Tourism boom to boost revenue of Indian HotelsIndian Hotels Company (IHC) has said that the tourism boom in the country will raise the revenue of the firm in this current fiscal year. Indian Hotels Company (IHC) owns the chain of luxury restaurants including the Taj Hotels.

It has been informed that, the tourism industry is reviving from the affect of global economic downturn.

So the organization is expecting a superior revenue and net figure in this ongoing season and all set to take the advantage of this boost in the industry.

Buy Indian Hotels With Stop Loss Of Rs 104

Buy Indian Hotels With Stop Loss Of Rs 104Stock market analyst Mitesh Thacker has maintained 'buy' rating on Indian Hotels Company Ltd stock with target of Rs 117.

According to analyst, the interested investors can buy the stock with stop loss of Rs 104.

The stock of the company, on August 18, closed at Rs 109.60 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 1.82 and 59.02 respectively.

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 61 on BSE.

Buy Indian Hotels With Stop Loss Of Rs 94

Buy Indian Hotels With Stop Loss Of Rs 94Stock market analyst JK Jain of Karvy Stock Broking is of the view that investors can buy Indian Hotels Company Ltd stock with stop loss of Rs 94.

According to analyst, the stock has resistance at Rs 103.

Today, the stock of the company opened at Rs 98 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 59.50 on BSE.

Current EPS & P/E ratio stood at 1.82 and 54.05 respectively.

Buy Indian Hotels With Stop Loss Of Rs 103

Buy Indian Hotels With Stop Loss Of Rs 103Stock market analyst Kunal Saraogi has maintained 'buy' rating on Indian Hotels Company Ltd stock with target of Rs 111.

According to analyst, the investors can buy the stock with stop loss of Rs 103.

The stock of the company, on June 24, closed at Rs 104.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 57 on BSE.

Current EPS & P/E ratio stood at 1.41 and 74.98 respectively.

Indian Hotels Company deep in red

Indian-HotelsThe Tata Group firm Indian Hotels Company recently filed a consolidated net loss of Rs 136 crore for the last fiscal year ended March 31, 2010. If the Rs. 12 crore loss that the company filed in the 2008-09 is taken into the account then the recently filed results have come as a shocker for many investors.

According to the filing that the company made to the Bombay Stock Exchange, the company has faced a decline of 6% in its revenues mainly because of the slowdown.

Buy Indian Hotels Company For Target Rs 96.50

Indian Hotels CompanyStock market analysts are of the view that investors can buy Indian Hotels Company Ltd stock to achieve an intraday target of Rs 96.50.

According to them, investors can buy the stock with a strict stop loss of Rs 94.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 98.50.

Shares of the company, on Friday (Dec 11), closed at Rs 94.85 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 97.85 and a low of Rs 34 on BSE.

Current EPS & P/E ratio of the stock stood at 1.55 & 60.12 respectively.

IHC plans to roll out 30 more Gateway Hotels by year 2015

Tata Group controlled hotesl major Indian Hotels Company (IHC) is planning to inaugurate 30 more hotels of its mid-segment premium brand ‘The Gateway Hotel’ chain by fiscal 2015.  Currently, there are 20 Gateway Hotels throughout the country.

The Gateway Hotels will provide to a pan-India network of hotels as well as resorts offering all key facilities at competitive prices.

In a proclamation, Ms Monica Lakhmana, Director of the Gateway Hotels said that the company is exploring opportunities at Tier II and other smaller cities as they are mounting and also envisage to spread out in places that draw more tourists.

Roots to invest Rs 80 crore for setting up 7-8 hotels

Prabhat Pani,  CEO, Roots Corporation LtdRoots Corporation of India (RCL), an arm of Indian Hotels Company Ltd, has decided to pump about Rs 80 crore in India.

According to the company, the main aim of the investment is to set up seven to eight hotels during the current fiscal.

The sources said that the cost would vary between Rs 8 crore and Rs 10 crore for each hotel.

After considering potential of the market, profile of clientele and peak occupancy period, the company has opted western and southern states, including in Pune and Chennai for locating the proposed hotels.

Indian Hotels acquires Sea Rock Hotel for Rs 680 crore

Indian Hotels acquires Sea Rock Hotel for Rs 680 croreIndian Hotels Company Ltd (IHCL), owners of the Taj properties, has acquired Sea Rock Hotel, one of Mumbai’s best-known landmarks since 1978, for Rs 680 crore.

Yesterday, the company stated in a release that it has bought 85% stake in ELEL Hotels and Investments, which owns the property on which Sea Rock Hotel is built in southern Bandra, for Rs 680 crore.

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