Steet View-Growth outlook attainable for Indian Hotels Co, analysts say

Indian Hotels

21/11/2024 09:50

** Shares of Indian Hotels Company  IHTL.NS  rise as much as
5.6% to a record high of 796.3 rupees
    ** Co said on Tuesday it will invest 50 bln rupees ($592
mln) over five years as it aims to double its hotel count and
consolidated rev
    ** Eight analysts hike PT post FY30 outlook, median PT up
24% - data compiled by LSEG
    
    FOCUS ON VALUE ACCRETIVE GROWTH IS ENCOURAGING
    ** Jefferies ("buy", hikes PT to 900 rupees) says co unfazed
by slowdown suggested in other consumer segments; delivery on
past guidance gives confidence 
    ** Nirmal Bang Equities Research ("buy", hikes PT to 860
rupees) says portfolio positioning across segments, better mix 
of owned vs managed rooms and multiple new non-room revenue
growth avenues encourages growth prospectus
    ** Motilal Oswal ("buy", hikes PT to 880 rupees) says strong
operational performance, portfolio diversification will provide
robust foundation for its 2030 goals
    ** Ambit Capital ("buy", hikes PT to 840 rupees) says co
still provides growth opportunity over next few years, while
largely maintaining near-term estimates


($1 = 84.4600 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com))