TajGVK Hotels & Resorts Ltd.

*TajGVK Hotels & Resorts Ltd.*

C&H Pattern: Smaller & Bigger Yearly Basis
Price BreakOut Needed. If Sustained, Good to Go!!!
Vol. Consolidaton & Continued BuiltUp.

*With Upside, Trail SL*
*Book Profit as per Risk Appetite*

*Snapshot:*
JV b/w Hyderabad-based GVK Group & IHCL (Tata Group Co.). Has inventory of 1,362 rooms (1,083 rooms at SA level & 279 rooms under JV, Greenwoods Palaces & Resorts Pvt. Ltd).
Rising Sales/Profitability: Yrly Basis. Fluctuating on Qtrly Basis.
Improved leverage position (Moderate).
+ve CF from Ops. Stable Promoter Holding (74.99%).
Sharp Improvement in RoA/RoE/RoCE for FY22 vs. FY21.
Healthy demand outlook for the hotel industry

*Concern:*
Major concentration: Hyderabad: 4 In Hyd (52% Capacity)
Capex plans of ~ Rs.250 Crs - FY23-FY26

*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
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