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Chennai, Oct 17 Oriental Hotels Ltd on Monday said it has received the approval for the renewal of its long-term lease for Taj Malabar Resort & Spa in Kerala's Kochi. Announcing the results for the second quarter of FY23, the company also said that the Cochin Port Trust has approved the renewal of the long-term lease for Taj Malabar Resort & Spa for a period of 30 years, beginning September 22, 2022. The Oriental Hotels closed the second quarter with a revenue of Rs 91...
Oriental Hotels books Rs 10.92 crore net in Q2, lease of Kochi property extended
Fundamental View: Oriental Hotels (ORIHOT) • Oriental Hotels (OHL) owns and operates seven hotels with ~825 rooms across business & leisure locations in the south region. Flagship hotels of the company are Taj Coromandel and Taj Fisherman’s Cove in Chennai. These two properties accounted for nearly 58% of operating income of OHL in FY20 • FY23 began on a strong note for the hotel sector in terms of growth and margin expansion. With the full reopening, the corporate d...
Buy Oriental Hotels Ltd For Target Rs.81 - ICICI Direct
Oriental Hotels is currently trading at Rs. 67.85, up by 1.25 points or 1.88% from its previous closing of Rs. 66.60 on the BSE. The scrip opened at Rs. 66.05 and has touched a high and low of Rs. 68.40 and Rs. 65.35 respectively. So far 51297 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 76.00 on 08-Aug-2022 and a 52 week low of Rs. 33.30 on 29-Nov-2021. Last one week high and low of the scrip stood at Rs. 73...
Oriental Hotels trades in green on the BSE
Omicron led restriction impacts Q4; outlook stays strong About the stock: Oriental Hotel (OHL) operates in South India with Indian Hotels Company (IHCL) being one of the promoter entities. The company owns and operates seven hotels with ~825 rooms across business & leisure locations in the south. It derives majority of revenues from two of its properties in Chennai 1) Taj Coromandel 2) Taj – Fisherman’s Cove. Tata Group companies hold ~39.1% stake in OHL and the company ...
Buy Oriental Hotels Ltd For Target Rs.80 - ICICI Direct
Efficiency to yield better results post end of pandemic About the stock: Oriental Hotel (OHL) operates in South India with Indian Hotels Company (IHCL) being one of the promoter entities. The company owns and operates seven hotels with ~825 rooms across business & leisure locations in the south. It derives majority of revenues from two of its properties in Chennai, 1) Taj Coromandel and 2) Taj – Fisherman’s Cove. * Tata Group companies hold ~39.1% stake in OHL while the ...
Buy Oriental Hotels Ltd For Target Rs.73 - ICICI Direct
Key News India expected to see higher salary with 9.3% hike in 2022: Report Higher salaries in India are making a comeback with 9.3 per cent hike being expected in 2022, from 8 per cent in 2021, and with companies planning to give employees larger raises as they face mounting challenges of attracting and retaining employees, according to a report. Salaries are projected to see a median salary increase of 9.3 per cent next year compared to the actual median salary increase of 8 per cent...
Key News - Jubilant Foodworks Ltd, Oriental Hotels Ltd, L&T Finance Holdings Ltd, Havells India Ltd By ARETE Securities
Technical Observations * The stock has registered a resolute breakout above the falling channel containing last four months breather signalling resumption of up move and offers fresh entry opportunity * We expect the stock to maintain positive bias and head higher towards | 44.50 levels in the coming week as it is the 123.6% external retracement of the recent breather (| 43.30-34) * The base of the recent consolidation is placed at the 20 days EMA (currently at | 35) as can be s...
Stock Picks - Buy Orient Hotels Ltd For Target Rs. 44.50 - ICICI Direct
On the road to recovery… Oriental Hotels (OHL) operates in south India with Indian Hotels Company (IHCL) being one of the promoter entities. The company owns and operates seven hotels with ~820 rooms across business & leisure locations in south. It derives majority of revenues from two of its properties in Chennai 1) Taj Coromandel 2) Taj – Fisherman’s Cove. After witnessing Covid induced severe financial strain in H1FY21, OHL achieved operational breakeven performan...
Buy Oriental Hotels Ltd For Target Rs. 55 - ICICI Direct
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