ITDC Adjusts Outlook Amid Strong Profit Growth and Mixed Technical Indicators

India Tourism Development Corporation (ITDC), a midcap player in the Hotels & Resorts industry, has recently undergone an adjustment in its evaluation. This revision reflects a shift in technical trends, moving from a mildly bearish stance to a mildly bullish outlook.
The company's technical indicators present a mixed picture. The MACD shows bullish signals on a weekly basis, while the monthly perspective leans towards a mildly bearish trend. The Bollinger Bands indicate bullish momentum weekly, contrasting with a bearish stance monthly. Daily moving averages are bullish, and the KST reflects a similar pattern, with weekly bullishness and monthly mild bearishness.

In terms of financial performance, ITDC reported a significant net profit growth of 149.7% for the quarter ending March 2025, alongside a notable increase in net sales, which reached Rs 199.94 crore, growing at 41.75%. The company’s PBDIT also hit a record high of Rs 32.20 crore. Despite these positive metrics, the stock has underperformed the market over the past year, generating a return of -20.41% compared to the BSE500's 1.63%.

The company's low debt-to-equity ratio and a return on equity of 22.5% suggest a stable financial position, although its valuation appears expensive with a price-to-book ratio of 14.3.

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