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LORD JESUS CHRIST SAYS

Jesus replied: “ ‘Love the Lord your God with all your heart and with all your soul and with all your mind.’ This is the first and greatest commandment. And the second is like it: ‘Love your neighbor as yourself.’ All the Law and the Prophets hang on these two commandments.” Matthew 22:37-40

23 Jan 2019

STOCK MARKET--Indian Hotels(a broker recommendation) | Target Price: Rs 163


Indian Hotel Company manages 17,145 rooms across India and international locations, around 85 per cent of which are in the domestic market.

Indian hospitality industry is set to enter into an up cycle led by favourable demand-supply dynamics. Industry occupancy (67 per cent) has already breached the optimum level, allowing players to exercise pricing power.

The company also has an edge in terms of operating leverage, given its high fixed-cost proportion and efforts to rationalize expenses. We expect it to record revenue/ EBITDA CAGR of 9 per cent/ 25 per cent over FY18-20.

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