23.60 0.25 (1.07%)
NSEFeb 26, 2021 03:31 PM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-02-04||Oriental Hotels Ltd. +||ICICI Securities Limited||29.25||33.00||29.25 (-19.32%)||Hold|
ICICI Securities Limited
Historically, the company's balance sheet was heavily levered with net Debt/EBITDA touching ~7x in FY17. In line with Aspiration 2022 of the IHCL group, the company has been working to reduce its debt by divesting few assets and also rationalise its costs. In 2018, OHL sold its Vizag property and garnered | 120 crore. From April 1, 2019, the company's operating agreement for the Trivandrum property expired and OHL received back the deposit that was made in FY20. The proceeds from the sale of the Vizag property were utilised to retire some portion of the debt in FY19. OHL had...
|2018-01-18||Oriental Hotels Ltd. +||ICICI Securities Limited||54.00||85.00||54.00 (-56.30%)||Buy|
|2017-03-23||Oriental Hotels Ltd. +||ICICI Securities Limited||35.60||55.00||35.60 (-33.71%)||Target met||Buy|