Tata Group Penny Stocks: If you are also thinking of investing in Tata Group shares, then you can try its Indian Hotels Share once. Market experts are bullish on the stock of Indian Hotels and are advising to buy it. Shares of Indian Hotels Company closed at Rs 326.50 on NSE in Friday’s trading session. The total trading of this stock was at 5,791,275 shares.
So much are multibagger returns
According to the company’s share price history, as on January 1, 1999, the shares of Indian Hotels stood at Rs 30.22. That is, according to the latest share price, it has given a multibagger return of 980.41 percent so far. The stock price climbed from Rs 106.12 as on 29th September, 2017 to the current price during last 5 years. During this period, this stock has given a multibagger return of 207.67 percent. On the other hand, in the last 1 year, the stock has increased by 77.82 percent. Also on YTD basis, the stock has increased by 77.40 percent in 2022 so far. Its market cap is Rs 46,411.56 crore.
View Shareholding Pattern
For the quarter ended June 2022, the company has promoter shareholding of 38.19 per cent, FII holding of 15.07 per cent (down from 0.96 per cent by QoQ). DII holds 29.56 per cent (up 1.05 per cent by QoQ), government shareholding is 0.13 per cent and public shareholding is 17.05 per cent (down from 0.09 per cent QoQ).
Shares will go up to Rs 380
Indian Hotels Company Limited is a large-cap company in the consumer discretionary goods and services (CDGS) industry. Tata Enterprise Indian Hotels Company Limited (IHCL) deals in the hotel and hospitality industry. The brokerage firm Sharekhan has written in its note, “The demand for rooms is expected to exceed the supply of rooms in the next 2-3 years.
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