Shares of Tajjivk Hotels and Resorts Ltd soared over eight per cent.

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New Delhi: Shares of TajGVK Hotels & Resorts Limited (TajGVK Hotels & Resorts Limited) climbed 8.22% early this morning. With this, its price reached Rs 274.40, which is its 52-week high. The volume also jumped more than 6.53 times in tandem with the rally in price. The market cap of this small-cap hotels and resorts stock has reached Rs 1,676.32 crore. On the first day of the week, the Sensex opened with a marginal gain of 0.2% while the Nifty started with a gain of 0.09%. This company was established in 1995. It is a joint venture between GVK Group of Hyderabad and Indian Hotels Company Limited (IHCL). This company operates hotels, palaces and resorts under the Taj name. See the company’s financial year 2023 performance So during this period the total revenue of the company was Rs 384 crore which is 69.15% more than the previous year. The operating profit of the company is Rs 119 crore which is 128.84% more than the previous year. During this period the net profit of the company increased by 700%. Which is Rs 80 crore more than the financial year 2022. The company has earned profit at a compound annual growth rate of 30.6% in the last five years. This is a proof that the financial performance of the company is continuously getting stronger.

The PE of TajJVK Hotels & Resorts Ltd. is 19.41 times which is low compared to peers. The PE ratio of Barbeque-Nation is 178.90, Lemon Tree Hotel is 62.88 and Indian Hotels Co is 57.09 times. The PE ratio tells the relationship between a stock’s price and its EPS (earnings per share). This reflects favorable valuation of TajJVK Hotels & Resorts vis-à-vis other companies in the sector. The ROCE (Return on Capital Employed) of the company is 21.76%. This is better than Barbeque-Nation (8.99%), Lemon Tree Hotel (11.87%) and Indian Hotels Co (13.29%). This shows that the company is better than the rest of the companies in terms of financial performance and capital utilization. This company has given 91% return in the last one year. Investors should keep an eye on this small-cap Hotels & Resorts stock.

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