Vijay Kedia bought 20,25,000 shares of this multibagger hotel stock: Company reports stellar results; PAT zooms over 700 per cent!

The stock gave multibagger returns of 222 per cent in 3 years.

Mahindra Holidays & Resorts India Limited (MHRIL), part of the Mahindra Group's leisure and hospitality sector, is a leading vacation ownership company in India. Founded in 1996, the Club Mahindra brand is the largest vacation ownership company outside the US and boasts over 2,50,000 members. They offer family vacation memberships with different tiers catering to various age groups: Club Mahindra targets those 30 and over, Bliss is a points-based system designed for the 50+ age group, and GoZest offers a three-year points membership aimed at younger individuals under 30.

The company reported stellar Quarterly Results (Q4FY24) and annual results (FY24). According to the quarterly results, the net sales increased by 26 per cent to Rs 800.19 crore and net profit increased by 703 per cent to Rs 83.58 crore in Q4FY24 compared to Q3FY24. In its annual results, the net sales increased by 7.5 per cent to Rs 2,704.60 crore and net profit increased by 3.15 per cent to Rs 116.63 crore in FY24 compared to FY23.

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In Q4FY24, an ace investor, Vijay Kedia bought 20,25,000 shares or a 1 per cent stake in the company. The company has a market cap of Rs 8,855 crore with a 3-year stock price CAGR of 50 per cent.

The shares of the company have a PE of 76.5x and an ROE of 26 per cent. The stock reached a high of Rs 451 per share today. In terms of its moving averages, the 50-day DMA is currently at Rs 405.75 and the 200-day DMA is at Rs 382.96. The stock gave multibagger returns of 222 per cent in 3 years. Investors should keep an eye in this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.