Taj Hotels, Resorts, and Palaces is a brand owned by the Indian Hotels Company Limited (IHCL). IHCL is one of India’s largest hotel companies. Its shares are listed on the Bombay Stock Exchange and the National Stock Exchange of India. In this article, we will look at the Taj Hotel share price and the factors that affect it.
Overview of Taj Hotel Share Price
Taj Hotel shares have been trading on the Bombay Stock Exchange since 2015. The current market price of Taj Hotel shares is Rs.159.85. Over the last five years, the share price has ranged from Rs.115 to Rs.169.
Historical Performance of Taj Hotel Shares
The share price of Taj Hotel has been volatile over the past few years. In 2020, the share price rose by over 10% due to the company’s strong performance in the hospitality sector. In 2021, the share price increased by over 20% due to the positive outlook of the hospitality sector in India. In the last one year, the share price has increased by over 30%.
Factors Affecting Taj Hotel Share Price
The share price of Taj Hotel is affected by a variety of factors. These include the performance of the hospitality industry in India, the company’s financial performance, and the overall performance of the stock market. In addition, the share price is also affected by political and economic events in India.
Recent Developments Affecting Share Price
Recently, the share price of Taj Hotel has been affected by the COVID-19 pandemic. The pandemic has had a significant impact on the hospitality sector in India, resulting in a sharp decline in the share price of Taj Hotel. In addition, the company has been facing financial difficulties due to the pandemic.
Analysts’ Views on the Share Price
Analysts have a positive outlook on the share price of Taj Hotel. They believe that the company is well-positioned to benefit from the recovery of the hospitality sector in India. In addition, they believe that the company’s financial position will improve in the coming quarters.
Summary and Outlook
Taj Hotel is one of India’s leading hospitality companies. Its share price has been volatile over the past few years, but has seen an overall upward trend in the last one year. The share price is affected by a variety of factors, including the performance of the hospitality sector in India and the company’s financial performance. Analysts have a positive outlook on the share