Motilal Oswal has given Buy recommendation for Indian Hotels recommended buy rating on the stock with a target price of Rs 258 in its research re with a target price of Rs. 258 in its research report issued on Jan 19, 2022

Motilal Oswal’s research report on Indian Hotels

Investment rationale: We reiterate Indian Hotels (IHIN) as our top pick in the hospitality industry driven by its continuous focus on: a) leveraging its brands, b) expanding its operations through management contracts, c) unlocking value by launching new/ reimagined brands, d) creating a hospitality eco-system across the country, e) reducing costs sustainably, and f) deploying capital judiciously to improve return ratios.

Outlook

We value the stock at 21x FY24E EV/EBITDA to arrive at our SoTP-based TP of INR258, implying a 24% potential upside. We maintain our BUY rating on IHIN.

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