Tata-owned Indian Hotels Company is welcoming more guests. But should retail investors check-in now?

Taj Santacruz Mumbai, a luxury hotel from the iconic Taj Hotels Resorts and Palaces, which is part of the Tata Group, opened in Mumbai


Indian Hotels Company says that its properties in both leisure and business domestic markets reported over 70% occupancy and a rate of growth of 27% as compared to pre-Covid-19 levels. For the July-September quarter 2022, the company saw profits of INR383 crore — up 403% over the last year for the same period. But why did mutual funds reduce their stake?

Just as the pandemic began, between April-June 2020, the now deceased Rakesh Jhunjhunwala made a bet on Tata Sons-owned Indian Hotels Company Limited (IHCL). A couple of quarters later he even raised the stake in the company, even as wave after wave of Covid-19 infections stalled the recovery of the hospitality sector — one of the biggest casualties of the pandemic. By the end of the second wave, Jhunjhunwala and his wife, Rekha owned a combined

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