India's Ventive Hospitality rises; Kotak starts with "add"

Ventive Hospitality

11/04/2025 09:55

** Analysts at Kotak Institutional Equities initiate coverage of Ventive Hospitality VENE.NS with "add" rating, sets TP at 770 rupees

** Shares of VENE rise as much as 4.6% to 724.80 rupees amid broader market rally after U.S. President Donald Trump announced a 90-day pause on "reciprocal" tariffs on Wednesday

** Blackstone-backed luxury hospitality owner has 2,036 operational keys in India and Maldives with 367 pipeline keys likely to be commissioned by FY28 - Kotak

** Keys refers to the total number of rooms owned or managed

** Brokerage sees VENE to report 15%/20%/25% CAGRs in revenue/consolidated EBITDA/attributable EBITDA in FY2025-27 on the back of improving occupancy in existing assets

** With Maldives drawing tourists from U.S. and Europe, Kotak expects upper-tier keys in Maldives to witness a CAGR of 5.5% over CY2023-26

** Since listing in late December last year, stock has fallen 0.4%

(Reporting by Ashish Chandra in Bengaluru)

((ashish.chandra@thomsonreuters.com (+91 7982114624)))