Stocks

Wonderla Holidays stocks: Buy Wonderla Holidays, target price Rs 430: ICICI Direct

ICICI Direct has buy call on Wonderla Holidays with a target price of Rs 430. The current market price of is Rs 371.95. Time period given by analyst is one year when . price can reach defined target.




Wonderla Holidays Ltd., incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 2042.48 Crore) operating in Tourism & Hospitality sector.

Wonderla Holidays Ltd. key Products/Revenue Segments include Sale of services, Cooked Foods, Readymade Garments, Soft Drinks (Traded), Others and Other Operating Revenue for the year ending 31-Mar-2022.

Smart Talk

Financials

For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 152.30 Crore, up 156.23 % from last quarter Total Income of Rs 59.44 Crore and up 2705.49 % from last year same quarter Total Income of Rs 5.43 Crore. Company reported net profit after tax of Rs 64.38 Crore in latest quarter.

Investment Rationale
The company is likely to witness healthy traction in footfalls in FY23 after a two-year gap. With a leaner cost structure and healthy b/s, it is now in a strong position to expand its footprints in other regions


Promoter/FII Holdings
Promoters held 69.76 per cent stake in the company as of 30-Jun-2022, while FIIs owned 7.73 per cent, DIIs 2.06 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.


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