Today’s Stock Pick to be analyzed is The Indian Hotels Company Limited (IHCL).
The Indian Hotels Company Limited (IHCL) and its subsidiaries, collectively known as Taj Group, is one of Asia’s largest and finest hotel groups. The company was incorporated by the founder of the Tata group, Jamsetji Tata, and launched its first property, the Taj Mahal Palace, in Bombay in 1903.
IHCL operates in the luxury, premium, mid-market, and value market segments through various brands such as Taj, Taj Exotica, Taj Safari, Vivanta, Gateway Hotel, SeleQtions, and Ginger. The company also operates Taj Air, a luxury private jet operation and Taj Sats Air Catering Ltd, the largest airline catering service in South Asia.
In the wake of #Covid20, Taj Hotels have set a five-point agenda named “R.E.S.E.T 2020″, to address the challenges posed by the unprecedented global crisis. The five points include revenue growth, spend optimization, effective asset management, and thrift and financial prudence.