Time period given by analyst is 14 days when Taj GVK Hotels & Resorts Ltd. price can reach defined target.
Taj GVK Hotels & Resorts Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 867.16 Crore) operating in Tourism & Hospitality sector.
Taj GVK Hotels & Resorts Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services for the year ending 31-Mar-2020.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 24.97 Crore, down -46.10 % from last quarter Total Income of Rs 46.33 Crore and up 656.67 % from last year same quarter Total Income of Rs 3.30 Crore. Company reported net profit after tax of Rs -8.97 Crore in latest quarter.
Investment Rationale
The share price of Taj GVK has seen 12 weeks of decline retraced in less than 4 weeks indicating faster retracement and structural improvement. The stock is holding above all key moving averages(50,200dma).Breakout above falling supply line signaling resumption of up move and offers fresh entry opportunity.
Going ahead, the brokerage expects the stock to extend the current up move and head towards Rs 154 levels as it is the 138.2% external retracement of the recent decline seen from (Rs 144-117).
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
