PINC Research has come out with report on TAJ GVK Hotels. It has maintained buy rating on the stock with target price of Rs 240, in a report dated on November 14, 2007.
"The company’s Q2FY08 performance was an aberration and we believe that its dominance in the Hyderabad hospitality market is set to continue. Given the potential of its Chandigarh property and expected fillip to earnings from its new property in Chennai and additional inventory in Hyderabad, we are confident about the earnings outlook for TAJGVK. Hence, we maintain our ‘BUY’ recommendation on the stock, with a price target of Rs240 over a 12 month investment horizon." says PINC research report.
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source: moneycontrol.com