Buy Lemon Tree Hotels Limited and Indian Hotels Company Limited

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Lemon Tree Hotels Ltd. officially announced consolidated sales of Rs. 72.73 Cr for the third quarter ended 31-12-2020 which is 35.67% over the previous quarter’s revenue of Rs. 53.61 Cr and -64.13% from last year’s sales of Rs. 202.80 Cr. The company reported net income after tax of Rs. -45.66 Cr in the previous quarter.

Outlook:

Lemon Tree Hotels Ltd: Experts recommend calling to buy at current market price: Rs. 40.9 with a target price: Rs. 50.

Buy Indian Hotels Company Limited:

to buy

Indian Hotels Company Ltd. officially announced consolidated sales of Rs. 614.53 Cr for the third quarter ended 31-12-2020 which is 89.94% higher than the previous quarter’s revenue of Rs. 323.54 Cr and -56.38% less than last year, the same quarter sales of Rs. 1,408.91 Cr. The company reported net income after tax of Rs. -117.66 Cr in the previous quarter.

Outlook:

Indian Hotels Company Ltd: Experts recommend calling to buy at current market price: Rs. 119.9 with a target price: Rs. 143.

Disclaimer: The perspectives and investment tips in this section are the expert’s own and not those of the website or its management. We encourage our clients to check with certified experts before taking a position in the stocks mentioned.

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