EIH Ltd., incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 8789.49 Crore) operating in Tourism & Hospitality sector.
EIH Ltd. key Products/Revenue Segments include Beverages & Food, Income (Room Rent), Other Services and Printed Materials for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 110.65 Crore, down -52.05 % from last quarter Total Income of Rs 230.77 Crore and up 147.98 % from last year same quarter Total Income of Rs 44.62 Crore. Company reported net profit after tax of Rs -96.92 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to continue with its positive momentum and head towards Rs 156 levels as it is the 123.6% external retracement of the recent breather (Rs 151-126) placed at Rs 156 levels.
Promoter/FII Holdings
Promoters held 35.74 per cent stake in the company as of 30-Sep-2021, while FIIs owned 3.22 per cent, DIIs 13.96 per cent.
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