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JUNIPER Juniper Hotels News Story

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Consumer CyclicalsAdventurousMid CapNeutral

India's Juniper Hotels gains; brokerage upbeat on growth outlook

** Shares of Juniper Hotels JUNI.NS climb 2.4% to 323.75 rupees

** Luxury hotels operator expects EBITDA to double by FY27, inventory to double in next 4-5 years, brokerage Yes Securities says, citing analyst call on June 10

** Adds co is in process of multiple inventory additions and hotels acquisitions; Yes Securities expects JUNI's strong expansion pipeline will drive growth

** Says co's net debt/EBITDA to remain healthy despite capex plans as new assets are expected to start contributing to its topline from FY27

** Avg rating of three brokerages on stock is "strong buy", median PT is 410 rupees - data compiled by LSEG

** Stock down ~8% year-to-date

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))

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