The new week will see Nifty spot hitting 19025 to 19425 and Sensex 64111 to 65666.

- ITC LTD. 61.69 percent promoter holding of the group, INTERNATIONAL TRAVEL HOUSE LTD., a leader in tour and travel services, paid-up Rs.10 against expected full year 2023-24 EPS of Rs.31.64 and expected book value of Rs.185 The shares are available on BSE only at a price of Rs.329 at a P/E of 10.41

Mumbai: In the last week, Indian stock markets have also seen a soft trend with volatility in the global uncertain trend. Heavy selling by foreign portfolio investors in frontline-index stocks against selective bullishness in small, mid-cap stocks has dampened sentiment. The meeting of Reserve Bank of India's Monetary Policy Committee has indicated that inflation will rise again globally and at home. While on Friday the US The Federal Reserve chairman's signal in his Jackson Hall speech that further interest rate hikes are necessary to curb inflation could dampen sentiment given further challenges in the coming days. On the global front, on the other hand, China's economic crisis is increasing. With a major collapse in China's realty sector, corporate bankruptcies and home sales not growing, the Chinese government has been forced to further relax regulations on home purchases. Despite these stimulus measures, the crisis of confidence in China is starting to deepen and markets are getting hammered.

A look at GDP growth, manufacturing and services PMI figures, European inflation figures

Important events for the market in the coming week include Reliance Industries' 46th AGM to be held on Monday, August 28, India's quarterly GDP growth figures on August 31, 2023, India's S&P Global Manufacturing PMI data for August on September 1, 2023, and China's on the global front. The NBS Manufacturing PMI is also scheduled to be released on August 31. Apart from this, the Euro Area inflation figure is also to be announced on the same day. Amidst these factors, the Sensex could be seen hitting between 64111 and 65666 and the Nifty spot between 19025 and 19425 in the coming week.

In Arjuna's eyes:

INTERNATIONAL TRAVEL HOUSE LTD.

BSE (500213) listed only, Rs.10 paid-up, 61.69 percent promoter holding of ITC Limited Group, ISO 9001:2015, Certified, recipient of many prestigious awards, INTERNATIONAL TRAVEL HOUSE LTD., in the year 1981 One of the most prestigious companies in India that started as India's first publicly listed travel company. The company is active in providing car rental, business travel, MICE, leisure, infinity-travel concierge services. The company has 39 offices in 19 cities and more than 1200 employees, more than 3000 clients and more than 11 lakh transactions so far. Operating more than 100 hotels with more than 10,000 rooms in more than 70 locations under the hotel division of ITC Limited, the company is getting big business through this chain of luxury hotels.

Car Rental Services: The company has become a leader in corporate car rental services in India through its super premium series, premium vans and premium-SUVs, executive series, provides this service to more than 50 percent of Fortune 500 companies and derives 60 percent of its revenue from global multinationals. .

Business Travel: The company is the industry leader in India in the corporate travel segment providing best-in-class solutions. Including air-rail-bus ticketing, hotel accommodation, private airport transfers, passport and visa facilitation, surface transfers-car rental, foreign exchange, travel insurance through assistant-partners.

MICE : The company has a longstanding collaboration with ITC Hotels Group and provides services including corporate meetings, incentives and events in India and abroad, experienced MICE professionals, in-house fleet of over 500 vehicles, nationwide local support, post-event analysis and reports.

Leisure: The company under this segment has many tourist destinations in the country including Agra, Amritsar, Aurangabad, Bangalore, Chail, Chennai, Dalhousie, Goa, Jaipur, Jodhpur, Shimla, Kashmir, Gujarat Trail, Orissa Odyssey, Royal Rajasthan, Andaman, South India Temple Tour. Provides tour-travel services with certified chauffeurs in many tourist destinations.

Infinity - Travel Concierge: This bespoke services company includes Airline Ticketing, Portage Assistant, Domestic Transfers, Travel & Health Insurance, Dedicated Travel Curator, Private Airport Transfers, Global Flights, Express Immigration, Visa Concierge, Fine Hotels, Car Rentals, Private Jet & Yacht. , provides services including Destination Valet, Special Occasions, Private Parties.

Awards:

Travel & Tourism Excellence Awards 2019 Best Transport Company in India by FICCI, Top Contributor 2017, 2018 by IndiGo Airlines, Best Car Rental Company by Today's Travel Awards 2015, Best M&I Year on Year 2016 by Hong Kong Tourism Board Division Meetings and Exhibitions Hong Kong Awards including Growth Award, Golden Peacock Awards have been received.

Share Holding Pattern:

ITC Group including ITC Limited and Russell Credit Limited, Russell Investments Limited holds 61.69 percent promoters holding, including high net worth investors Tanvi Jignesh Mehta holds 1.57 percent, Dheeraj Kumar Lohia 1.66 percent Vaibhav Doshi holds 2.86 percent, Jignesh Madhukant Mehta holds 2.38 percent. While corporate bodies have 3.05 percent and individual shareholders up to Rs.2 lakh have 22.16 percent.

Book Value: Rs.153 as of March 2023, Expected Rs.185 as of March 2024

Financial Results:

(1) Full year April 2022 to March 2023 :

Net income rose to Rs.186.90 crore from Rs.96.51 crore Net Profit Margin-NPM was 9.79 percent Net profit to Rs.18.31 crore from last year's net loss of Rs.10.70 crore Earnings per share - EPS has achieved Rs.22.92.

(2) First Quarter April 2023 to June 2023 :

Q1 net income rose to Rs.52.55 crore from Rs.42.64 crore at NPM of 11.19% Net profit rose to Rs.5.81 crore from Rs.3.87 crore Quarterly earnings per share-EPS Rs. .4.84 has increased to Rs.7.27.

(3) Expected full year April 2023 to March 2024 :

Expected net income of Rs.230 crore at 11 percent net profit margin-NPM Expected net profit of Rs.25.30 crore Expected full year earnings per share-EPS of Rs.31.64.

Thus (1) The author has no investment in the shares of the above company. Authors may have direct or indirect personal vested interests in research sources. CONSULT A QUALIFIED INVESTMENT FINANCIAL ADVISOR BEFORE MAKING ANY INVESTMENT DECISION. The author, Gujarat Samachar or any other person shall not be liable for any possible loss on investment.(2)Promoters holding 61.69% of ITC (3)Expected earnings per share for the full year April 2023 to March 2024 of Rs.31.64 and expected The stock is currently available on BSE only at Rs.329.40 at a P/E of just 10.41 against a book value of Rs.185. (4) In the travel agency industry Thomas Cook is currently fetching a P/E of 55 and the industry average P/E is 51, while International Travel House Ltd. 61.69% promoted by ITC Ltd and ITC Hotels Division should fetch a P/E of 20.