BOM:544325

Nomura Adjusts ITC Hotels' Price Target to INR195 from INR210, Keeps at Buy

Jefferies Adjusts ITC Hotels' Price Target to INR205 from INR210, Keeps at Buy

ITC Hotels' Consolidated Profit Rises in Fiscal Q4

ITC Hotels (NSE:ITCHOTELS, BOM:544325) saw a rise in its consolidated attributable profit to 3.16 billion Indian rupees in the fiscal fourth quarter ended March 31, against 2.35 billion rupees a year ago.Earnings per share climbed to 1.52 rupees compared with the year-ago figure of 1.23 rupees, according to a Friday filing to the Indian stock exchanges by the hospitality company.Revenue from operations in fiscal Q4 increased to 12.5 billion rupees from 10.6 billion rupees a year earlier.The company's board declared a final dividend of 1 rupee per share for the fiscal year ended March 31.

Nomura Adjusts ITC Hotels' Price Target to INR210 from INR230, Keeps at Buy

ITC Hotels (NSE:ITCHOTELS, BOM:544325) has an average rating of buy and mean price target of 217.36 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)