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Indian Hotels Company gains on opening WOW Crest in Indore Indian Hotels Company is currently trading at Rs. 428.95, up by 2.05 points or 0.48% from its previous closing of Rs. 426.90 on the BSE. The scrip opened at Rs. 431.50 and has touched a high and low of Rs. 431.85 and Rs. 428.20 respectively. So far 12384 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 436.25 on 07-Sep-2023 and a 52 week low of Rs. 280.20 on 27-Jan-2023. Last one week high and low of the scrip st...
Indian Hotels Company gains on opening WOW Crest in Indore
Indian Hotels Company gains on opening WOW Crest in Indore
Source: Accord Fintech
8/09/2023 11:07:26 AM
Lemon Tree Hotels jumps on signing new property in Shimla Lemon Tree Hotels is currently trading at Rs. 110.70, up by 2.20 points or 2.03% from its previous closing of Rs. 108.50 on the BSE. The scrip opened at Rs. 109.95 and has touched a high and low of Rs. 111.55 and Rs. 109.45 respectively. So far 489974 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 112.85 on 31-Aug-2023 and a 52 week low of Rs. 70.25 on 23-Dec-2022. Last one week high and low of the scrip stood...
Lemon Tree Hotels jumps on signing new property in Shimla
Lemon Tree Hotels jumps on signing new property in Shimla
Source: Accord Fintech
7/09/2023 11:45:16 AM
OYO India CEO, Europe head move on Global hospitality technology major OYO India CEO Ankit Gupta and Europe head Mandar Vaidya have left the company. As per sources, Gupta is kicking off his own startup and amid the transition, is mentoring a senior OYO executive to take on his role in the country.  According to sources, his departure has been a cordial one as OYO charts a new course towards future growth. "Ankit Gupta and Mandar Vaidya moved on from their roles six months ago in March 2023. We are proud of ...
OYO India CEO, Europe head move on
OYO India CEO, Europe head move on
Source: IANS
6/09/2023 4:17:16 PM
Hotel Sector Update : Optimistic outlook continues with healthy 1Q performance By Motilal Oswal Financial Services Optimistic outlook continues with healthy 1Q performance The hotel industry witnessed healthy performance in 1QFY24, mainly led by a continued rise in average room rate (ARR). In this report, we present the current demand scenario and key insights based on 1QFY24 results and the management commentaries of major hospitality players – Indian Hotels (IH), Lemon Tree Hotels (LEMONTRE), Chalet Hotels (CHALET), EIH, Oberoi Realty (OBER), Brigade Enterprises (BRGD), and ITC. * As per HVS...
Hotel Sector Update : Optimistic outlook continues with healthy 1Q performance By Motilal Oswal Financial Services
Hotel Sector Update : Optimistic outlook continues with healthy 1Q performance By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
4/09/2023 4:02:38 PM
Lemon Tree Hotels rises on signing new property in Dehradun Lemon Tree Hotels is currently trading at Rs. 108.60, up by 0.55 points or 0.51% from its previous closing of Rs. 108.05 on the BSE. The scrip opened at Rs. 109.30 and has touched a high and low of Rs. 109.40 and Rs. 107.80 respectively. So far 129606 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 112.85 on 31-Aug-2023 and a 52 week low of Rs. 70.25 on 23-Dec-2022. Last one week high and low of the scrip stood...
Lemon Tree Hotels rises on signing new property in Dehradun
Lemon Tree Hotels rises on signing new property in Dehradun
Source: Accord Fintech
4/09/2023 11:29:16 AM
Buy Chalet Hotels Ltd Target Rs. 652 - ICICI Securities Ltd Play on asset ownership in an industry upcycle We believe that Chalet Hotels (Chalet) is well poised to benefit from the strength in demand, especially for premium and luxury hotels in India’s Tier cities. While industry peers are focusing on the asset light expansion route, Chalet has chosen to grow its hotel room and office rental portfolio over FY23-27E through the ownership route (mix of existing project expansion and long-term leases). We believe that this is the right strategy ...
Buy Chalet Hotels Ltd Target Rs. 652 - ICICI Securities Ltd
Buy Chalet Hotels Ltd Target Rs. 652 - ICICI Securities Ltd
Source: ICICI Securities Ltd
2/09/2023 12:37:21 PM
Kamat Hotels jumps on getting nod to acquire 100% stake in Envotel Hotels Himachal Kamat Hotels (India) is currently trading at Rs. 209.50, up by 4.15 points or 2.02% from its previous closing of Rs. 205.35 on the BSE. The scrip opened at Rs. 211.00 and has touched a high and low of Rs. 211.00 and Rs. 205.35 respectively. So far 28 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 257.95 on 12-Jul-2023 and a 52 week low of Rs. 80.45 on 15-Nov-2022. Last one week high and low of the scrip stood ...
Kamat Hotels jumps on getting nod to acquire 100% stake in Envotel Hotels Himachal
Kamat Hotels jumps on getting nod to acquire 100% stake in Envotel Hotels Himachal
Source: Accord Fintech
31/08/2023 12:28:06 PM
Stock of the day : Buy Indian Hotels Company Ltd For Target Rs. 440 - Religare Broking Ltd Indian Hotels Company Ltd * We are seeing consistent buying in select Hotel counters and Indian Hotel is trading in sync. * Witnessed a fresh breakout from a consolidation range. Holding strongly above 20 EMA. * Price action coupled with strong volumes suggests bullish tone to continue. * We recommend creating fresh longs in the mentioned range Buy Indian Hotels Company Ltd CMP 416.65; Range 414-417; SL 404; Target 440     To Read Complete Repor...
Stock of the day : Buy Indian Hotels Company Ltd For Target Rs. 440 - Religare Broking Ltd
Stock of the day : Buy Indian Hotels Company Ltd For Target Rs. 440 - Religare Broking Ltd
Source: Religare Broking Ltd
31/08/2023 9:03:20 AM
Hotel stocks up on demand outlook   Hotel stocks were up in trade on Wednesday on a strong demand outlook for the sector. Indian Hotels is up 5.45 per cent at Rs 414 on BSE. EIH is up 4.4 per cent at Rs 242 on BSE. Chalet Hotels is up 2.3 per cent at Rs 535.Lemon Tree Hotels is up 4.2 per cent at Rs 107. The demand outlook for chain-affiliated hotels looks strong on the back of buoyant domestic demand, significantly higher foreign tourist arrivals due to one time events (G-20 Summit and the Cricket World Cup) an...
Hotel stocks up on demand outlook
Hotel stocks up on demand outlook
Source: IANS
30/08/2023 2:17:47 PM
Hotels Sector Update : The best is yet to come By JM Financial Institutional Securities As we move into the festive season, the demand outlook for chain-affiliated hotels looks strong on the back of buoyant domestic demand, significantly higher foreign tourist arrivals due to one time events (G-20 Summit and the Cricket World Cup) and the forthcoming wedding season. In our recent interactions with investors, we noticed that almost everyone we met believes that FY24E will be a strong year for the industry with double digit ARR and RevPAR growth. However, there were a few question...
Hotels Sector Update : The best is yet to come By JM Financial Institutional Securities
Hotels Sector Update : The best is yet to come By JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
30/08/2023 12:07:29 PM
Buy ITC Ltd For Target Rs.535 - Motilal Oswal Financial Services Ltd Cigarettes volume growth continues * ITC reported healthy cigarette volume growth of ~8% in 1QFY24 vs. our estimate of 5%. The 3-year/4-year average volume CAGRs stood at 21.7%/7.0%, indicating strong demand momentum. With no material increase in Cigarette GST/National Calamities Duty, the volume growth outlook remains healthy. * Unlike its staple peers, ITC has consistently posted impressive performance in the Other FMCG business (16% revenue growth and margin improvement despite eleva...
Buy ITC Ltd For Target Rs.535 - Motilal Oswal Financial Services Ltd
Buy ITC Ltd For Target Rs.535 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
26/08/2023 9:46:03 AM
Kerala has the highest number of five-star hotels in India Kerala has achieved a milestone by securing the distinction of having the highest number of five-star hotels in the country. This was revealed in the latest data available in the National Database for Accommodation units. Kerala has surpassed states like Maharashtra, Rajasthan and Goa which are popular amongst the tourists and corporates as convenient locations. According to the rankings, Maharashtra has taken the second position with a total of 35 five-star hotels, Goa ranks third w...
Kerala has the highest number of five-star hotels in India
Kerala has the highest number of five-star hotels in India
Source: IANS
23/08/2023 12:50:17 PM
Lemon Tree Hotels soars on signing two new properties in Odisha, Himachal Pradesh Lemon Tree Hotels is currently trading at Rs. 107.60, up by 2.37 points or 2.25% from its previous closing of Rs. 105.23 on the BSE. The scrip opened at Rs. 106.98 and has touched a high and low of Rs. 108.50 and Rs. 106.98 respectively. So far 218084 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 108.50 on 22-Aug-2023 and a 52 week low of Rs. 66.55 on 29-Aug-2022. Last one week high and low of the scrip stood...
Lemon Tree Hotels soars on signing two new properties in Odisha, Himachal Pradesh
Lemon Tree Hotels soars on signing two new properties in Odisha, Himachal Pradesh
Source: Accord Fintech
22/08/2023 9:43:01 AM
Lemon Tree Hotels soars on opening new hotel in Gujarat Lemon Tree Hotels is currently trading at Rs. 104.30, up by 2.12 points or 2.07% from its previous closing of Rs. 102.18 on the BSE. The scrip opened at Rs. 103.56 and has touched a high and low of Rs. 106.30 and Rs. 103.25 respectively. So far 530151 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 106.30 on 21-Aug-2023 and a 52 week low of Rs. 66.55 on 29-Aug-2022. Last one week high and low of the scrip stood...
Lemon Tree Hotels soars on opening new hotel in Gujarat
Lemon Tree Hotels soars on opening new hotel in Gujarat
Source: Accord Fintech
21/08/2023 9:52:30 AM
Buy ITC Ltd For Target Rs.565 - JM Financial Institutional Securities Not game-changing but signals sharper capital-allocation focus ITC’s proposal to demerge its Hotels business (c.3% of segment EBITDA, >20% of segment capital employed) is not exactly a game-changer, in our view, but definitely points towards a sharper capital allocation strategy. The principle, we believe, is that the Hotels business should not be starved of capital simply because ITC’s shareholders at large are unhappy with the cash and ROCE drag from its presence in the se...
Buy ITC Ltd For Target Rs.565 - JM Financial Institutional Securities
Buy ITC Ltd For Target Rs.565 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
19/08/2023 11:07:02 AM
Analyst firms raise ITC share's target price to Rs 525 following robust Q1 results and approval of hotel business demerger   After a robust performance in Q1 of FY24 and the approval of the demerger of the hotels business by ITC, analyst firms have provided an optimistic and positive outlook. The conglomerate's strong results and steadily improving growth prospects across all its business divisions augur well for sustained stock outperformance. Notably, analyst firm Nomura has revised the target price upward to Rs 525 from the previous Rs 485, reflecting confidence in ITC's trajectory. Accor...
Analyst firms raise ITC share's target price to Rs 525 following robust Q1 results and approval of hotel business demerger
Analyst firms raise ITC share's target price to Rs 525 following robust Q1 results and approval of hotel business demerger
Source: IANS
17/08/2023 4:35:27 PM
Buy ITC Ltd For Target Rs. 535 - Emkay Global Financial Services Ltd We hold a positive stance on ITC, heartened by its improved management execution, ahead-of-time investment in businesses, and leadership position in most segments. Overall revenue fell 8% in Q1, while growing 11% adjusted for Agri revenue; Cigarettes net sales grew 11% (volume growth estimate: ~8%) and Other FMCG sales growth was a healthy 16%. Cigarettes EBIT grew 11% YoY (as it navigates margin pressure well), with EBIT margin at 74.2%, up by ~20bps YoY. Other FMCG EBITDA margin stands at 1...
Buy ITC Ltd For Target Rs. 535 - Emkay Global Financial Services Ltd
Buy ITC Ltd For Target Rs. 535 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services
17/08/2023 12:17:34 PM
Royal Orchid Hotels gains on launching new property in Shimla Royal Orchid Hotels is currently trading at Rs. 302.80, up by 4.15 points or 1.39% from its previous closing of Rs. 298.65 on the BSE. The scrip opened at Rs. 295.00 and has touched a high and low of Rs. 302.95 and Rs. 295.00 respectively. So far 3346 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 384.75 on 25-May-2023 and a 52 week low of Rs. 187.05 on 16-Aug-2022. Last one week high and low of the scrip stoo...
Royal Orchid Hotels gains on launching new property in Shimla
Royal Orchid Hotels gains on launching new property in Shimla
Source: Accord Fintech
16/08/2023 3:00:48 PM
Buy ITC Ltd Target Rs. 535 - Religare Broking Decent performance on top-line (ex-Agri business) ITC’s top-line witnessed de-growth (incld agri business) while margins saw strong improvement. Its gross revenue declined by 6% YoY and 2.2% QoQ to Rs 18,639.5cr while net revenue declined by 7.2% YoY and 2.7% QoQ to Rs 17,164.5cr but ex-agri its revenue grew by 10.6% YoY. The muted growth in revenue as compared to last year was because of de-growth in its Agri & paperboards segments while except that the overall performance was stro...
Buy ITC Ltd Target Rs. 535 - Religare Broking
Buy ITC Ltd Target Rs. 535 - Religare Broking
Source: Religare Broking Ltd
16/08/2023 2:28:52 PM
ITC gains on reporting 16% rise in Q1 consolidated net profit ITC is currently trading at Rs. 453.30, up by 4.35 points or 0.97% from its previous closing of Rs. 448.95 on the BSE. The scrip opened at Rs. 451.90 and has touched a high and low of Rs. 457.40 and Rs. 448.45 respectively. So far 150469 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 499.60 on 24-Jul-2023 and a 52 week low of Rs. 308.65 on 29-Aug-2022. Last one week high and low of the scrip stood at Rs. 459.75...
ITC gains on reporting 16% rise in Q1 consolidated net profit
ITC gains on reporting 16% rise in Q1 consolidated net profit
Source: Accord Fintech
16/08/2023 10:18:40 AM
Hotels Sector Update : Hope for the best, plan for the worst By ICICI Securities Double-digit RevPAR growth continues, demand drivers remain intact According to HVS Anarock, Jun’23 was another strong month with hotel industry RevPAR of INR4,288 being 27% above Jun’19 (pre-Covid) levels and 13% above Jun’22 levels. For Q1FY24 overall (Apr-Jun’23), industry RevPAR is up 14% YoY with ARRs up 17% YoY and occupancies lower by 200bps YoY. While the Jul-Sep’23 period is seasonally the weakest quarter owing to monsoon impact, hotels continue to fo...
Hotels Sector Update : Hope for the best, plan for the worst By ICICI Securities
Hotels Sector Update : Hope for the best, plan for the worst By ICICI Securities
Source: ICICI Securities Ltd
9/08/2023 3:05:05 PM
Buy Chalet Hotels Ltd Target Rs. 603 - ICICI Securities Ltd Demand drivers intact, expansion plans on track Chalet Hotels (CHALET) delivered in-line Q1FY24 revenue of INR3.1bn and adjusted EBITDA of INR1.3bn with RevPAR growing 24% YoY to INR7,182. While industry peers are focusing on the asset light expansion route, Chalet has chosen to grow its hotel room and office rental portfolio over FY23-27E through the ownership route (mix of existing project expansion and long-term leases). We believe that this is the right strategy in an industry upcycle ...
Buy Chalet Hotels Ltd Target Rs. 603 - ICICI Securities Ltd
Buy Chalet Hotels Ltd Target Rs. 603 - ICICI Securities Ltd
Source: ICICI Securities Ltd
4/08/2023 11:17:51 AM
Indian Hotels Company inches up on signing first hotel in Assam under Ginger brand Indian Hotels Company is currently trading at Rs. 395.80, up by 0.25 points or 0.06% from its previous closing of Rs. 395.55 on the BSE. The scrip opened at Rs. 395.00 and has touched a high and low of Rs. 397.05 and Rs. 392.60 respectively. So far 29774 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 405.20 on 19-Jun-2023 and a 52 week low of Rs. 263.45 on 23-Aug-2022. Last one week high and low of the scrip st...
Indian Hotels Company inches up on signing first hotel in Assam under Ginger brand
Indian Hotels Company inches up on signing first hotel in Assam under Ginger brand
Source: Accord Fintech
3/08/2023 12:42:49 PM
Buy ITC Ltd For Target Rs. 525 - Emkay Global Financial Services Ltd Our positive stance on ITC relies on strong execution across business segments for which we remain upbeat. We maintain BUY on ITC with Jun-24E SoTP-based TP of Rs525/sh. Mgmt has been addressing concerns on capital allocation, where Hotels business unlocking is part of the arrangement. While value unlocking owing to demerger of the Hotels business is unlikely to be material, we see improvement in ITC’s returns profile, post demerger of hotel operations. Key clarifications with regard to...
Buy ITC Ltd For Target Rs. 525 - Emkay Global Financial Services Ltd
Buy ITC Ltd For Target Rs. 525 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
1/08/2023 11:11:48 AM
Indian Hotels Company surges on reporting 31% rise in Q1 consolidated net profit The Indian Hotels Company is currently trading at Rs. 386.55, up by 1.55 points or 0.40% from its previous closing of Rs. 385.00 on the BSE. The scrip opened at Rs. 380.45 and has touched a high and low of Rs. 388.15 and Rs. 378.80 respectively. So far 61276 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 405.20 on 19-Jun-2023 and a 52 week low of Rs. 260.70 on 28-Jul-2022. Last one week high and low of the scri...
Indian Hotels Company surges on reporting 31% rise in Q1 consolidated net profit
Indian Hotels Company surges on reporting 31% rise in Q1 consolidated net profit
Source: Accord Fintech
28/07/2023 9:41:37 AM
Lemon Tree Hotels rises on signing new property in Punjab Lemon Tree Hotels is currently trading at Rs. 91.80, up by 0.93 points or 1.02% from its previous closing of Rs. 90.87 on the BSE. The scrip opened at Rs. 91.28 and has touched a high and low of Rs. 92.08 and Rs. 91.11 respectively. So far 76876 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 103.30 on 01-Dec-2022 and a 52 week low of Rs. 64.10 on 27-Jul-2022. Last one week high and low of the scrip stood at Rs...
Lemon Tree Hotels rises on signing new property in Punjab
Lemon Tree Hotels rises on signing new property in Punjab
Source: Accord Fintech
27/07/2023 9:59:35 AM
India`s ITC extends slide on plan to keep hotel business stake post spinoff Shares of Indian conglomerate ITC shares fell as much as 3.3% on Tuesday, extending a slide from the previous session, as investors baulked at the company's plans to retain a 40% stake in its hotels business after spinning it off. ITC said on Monday it would spin off the hotel business, separating it from its cigarettes and food units, but retain a 40% stake in the new entity, with ITC shareholders holding the rest. The company's stock ended nearly 4% lower on Monday. "W...
India`s ITC extends slide on plan to keep hotel business stake post spinoff
India`s ITC extends slide on plan to keep hotel business stake post spinoff
Source: Accord Fintech
25/07/2023 10:26:33 AM
ITC stock slumps after approval to demerge hotels business into new entity The ITC stock slumped more than 3 per cent after the news of hotels business demerger. The stock was down 3.37 per cent at Rs 473 on the BSE. The Board of Directors of ITC Limited at its meeting held on Monday evaluated and discussed various alternative structures for the hotels business towards crafting the next horizon of growth as also enhancing value creation for all stakeholders. The Board noted that the hotels business had matured over the years and is well poised to chart its ...
ITC stock slumps after approval to demerge hotels business into new entity
ITC stock slumps after approval to demerge hotels business into new entity
Source: IANS
24/07/2023 3:41:47 PM
ITC Board accords in-principle approval to demerge hotels business into a new entity The Board of Directors of ITC Limited on Monday evaluated and discussed various alternative structures for the Hotels Business towards crafting the next horizon of growth as also enhancing value creation for all stakeholders. In the meeting, the Board noted that the Company's Hotels Business has matured over the years and is well poised to chart its own growth path as a separate entity in the fast- growing hospitality industry with sharper focus on the business and an optimal capital s...
ITC Board accords in-principle approval to demerge hotels business into a new entity
ITC Board accords in-principle approval to demerge hotels business into a new entity
Source: IANS
24/07/2023 3:38:47 PM
Premium hotel occupancy in India to be at decadal-high of 70-72% in FY24: ICRA Ratings agency ICRA in its latest report has said that premium hotel occupancy in India is estimated to be at a decadal-high of 70-72 per cent in FY2024 after recovering to 68-70 per cent in FY2023. It also said premium hotel average room rates (ARRs) are expected to be at Rs 6,000 to Rs 6,200 in FY2024. It noted that consistent improvement in consumer sentiments despite the inflationary environment, stable corporate performance, and domestic air passenger traffic inching above pre-Covid leve...
Premium hotel occupancy in India to be at decadal-high of 70-72% in FY24: ICRA
Premium hotel occupancy in India to be at decadal-high of 70-72% in FY24: ICRA
Source: Accord Fintech
20/07/2023 11:16:47 AM
Lemon Tree Hotels moves up on signing new property in Lucknow Lemon Tree Hotels is currently trading at Rs. 92.50, up by 0.60 points or 0.65% from its previous closing of Rs. 91.90 on the BSE. The scrip opened at Rs. 92.48 and has touched a high and low of Rs. 92.90 and Rs. 92.10 respectively. So far 47502 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 103.30 on 01-Dec-2022 and a 52 week low of Rs. 64.10 on 27-Jul-2022. Last one week high and low of the scrip stood at Rs...
Lemon Tree Hotels moves up on signing new property in Lucknow
Lemon Tree Hotels moves up on signing new property in Lucknow
Source: Accord Fintech
19/07/2023 10:12:45 AM
Buy ITC Ltd For Target Rs. 525 - Emkay Global Financial Services Ltd We maintain our BUY recommendation on ITC with Jun-24E target price of Rs525/share, as we see firm structural prospects. From the core cigarette business perspective, we expect rational tax hikes ahead, given higher share of the ad-valorem component leading to build-up of volumes, which along with improving mix would aid a high-single-digit EBIT growth. In non-cigarette operations, we continue to see profitable growth and improving return profile, where segments are self-sufficient to address...
Buy ITC Ltd For Target Rs. 525 - Emkay Global Financial Services Ltd
Buy ITC Ltd For Target Rs. 525 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
18/07/2023 3:30:47 PM
Buy Mahindra Holidays & Resorts India For Target Rs. 400 ICICI Direct Multiple levers in place to fuel growth… About the stock: Mahindra Holiday’s (MHRIL) enjoys a strong brand patronage through its brand ‘Club Mahindra’ and is one of the leaders in leisure hospitality space. Over the years it has solidified its presence in a unique and sustainable Vacation Ownership (VO) business model with more than 25 years of track record. * MHRIL has a healthy base of more than 2.8 Lakh + members who ensures steady cash flows and multi-y...
Buy Mahindra Holidays & Resorts India For Target Rs. 400 ICICI Direct
Buy Mahindra Holidays & Resorts India For Target Rs. 400 ICICI Direct
Source: ICICI Direct
16/07/2023 9:49:40 AM
Royal Orchid Hotels rises on launching `Regenta Place The Emerald` in Juhu Royal Orchid Hotels is currently trading at Rs. 320.70, up by 1.65 points or 0.52% from its previous closing of Rs. 319.05 on the BSE. The scrip opened at Rs. 315.05 and has touched a high and low of Rs. 323.10 and Rs. 315.05 respectively. So far 3020 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 384.75 on 25-May-2023 and a 52 week low of Rs. 141.15 on 14-Jul-2022. Last one week high and low of the scrip stoo...
Royal Orchid Hotels rises on launching `Regenta Place The Emerald` in Juhu
Royal Orchid Hotels rises on launching `Regenta Place The Emerald` in Juhu
Source: Accord Fintech
14/07/2023 12:19:08 PM
Indian Hotels Company shines on signing first hotel in Kolhapur under Ginger brand The Indian Hotels Company is currently trading at Rs. 395.90, up by 4.15 points or 1.06% from its previous closing of Rs. 391.75 on the BSE. The scrip opened at Rs. 391.80 and has touched a high and low of Rs. 396.40 and Rs. 391.80 respectively. So far 4408 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 405.20 on 19-Jun-2023 and a 52 week low of Rs. 241.40 on 14-Jul-2022. Last one week high and low of the scrip...
Indian Hotels Company shines on signing first hotel in Kolhapur under Ginger brand
Indian Hotels Company shines on signing first hotel in Kolhapur under Ginger brand
Source: Accord Fintech
12/07/2023 10:18:07 AM
Leisure travel rules the roost this monsoon: OYO The monsoon showers breathe a new life into the earth, giving travel enthusiast a perfect opportunity to immerse themselves in the lush beauty and serenity of nature. As monsoon sweeps across the country, global hospitality technology company, OYO, shared some interesting travel trends. As per the company, there is a 32% uptick in booking demand during the monsoon season as compared to last year.   The surge in travel demand is primarily driven by leisure destinations, highlighting...
Leisure travel rules the roost this monsoon: OYO
Leisure travel rules the roost this monsoon: OYO
Source: PR Agency
5/07/2023 6:29:22 PM
Lemon Tree Hotels moves up on signing second property in Rajasthan Lemon Tree Hotels is currently trading at Rs. 93.85, up by 0.90 points or 0.97% from its previous closing of Rs. 92.95 on the BSE. The scrip opened at Rs. 93.99 and has touched a high and low of Rs. 94.85 and Rs. 93.67 respectively. So far 96950 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 103.30 on 01-Dec-2022 and a 52 week low of Rs. 63.05 on 06-Jul-2022. Last one week high and low of the scrip stood at Rs...
Lemon Tree Hotels moves up on signing second property in Rajasthan
Lemon Tree Hotels moves up on signing second property in Rajasthan
Source: Accord Fintech
5/07/2023 9:58:10 AM
Restaurants in Haryana to operate round the clock Haryana Deputy Chief Minister Dushyant Chautala announced on Tuesday that restaurants across the state will now operate round the clock. A decision in this regard was taken at a meeting chaired by Chautala, which was also attented Labour, Food and Civil Supplies Minister Anoop Dhanak, among others. Earlier, restaurant owners had met Chautala and demanded that the government should allow them to keep their restaurants open for 24 hours so that people can get food as per their convenience...
Restaurants in Haryana to operate round the clock
Restaurants in Haryana to operate round the clock
Source: IANS
4/07/2023 7:24:39 PM
Lemon Tree Hotels rises on launching franchised property in Himachal Pradesh Lemon Tree Hotels is currently trading at Rs. 94.22, up by 0.59 points or 0.63% from its previous closing of Rs. 93.63 on the BSE. The scrip opened at Rs. 93.64 and has touched a high and low of Rs. 94.50 and Rs. 93.64 respectively. So far 21468 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 103.30 on 01-Dec-2022 and a 52 week low of Rs. 59.75 on 04-Jul-2022. Last one week high and low of the scrip stood at Rs...
Lemon Tree Hotels rises on launching franchised property in Himachal Pradesh
Lemon Tree Hotels rises on launching franchised property in Himachal Pradesh
Source: Accord Fintech
3/07/2023 10:50:14 AM
Hotel Sector Update : Rates remain strong, occupancies soften marginally By ICICI Securities Rates remain strong, occupancies soften marginally As per HVS Anarock, May’23 was another strong month with hotel industry RevPAR of Rs4,216 being 24% above May’19 (pre-Covid) levels and 13% above May’22 levels (Apr’23 RevPAR of Rs4,536 was 19% above Apr’22 levels). For May’23, industry ARR of Rs6,800 was up 16% YoY, while occupancy declined by 200bps YoY to 62%. As per our channel checks, a few leisure markets such as Rajasthan have seen occupancies sof...
Hotel Sector Update : Rates remain strong, occupancies soften marginally By ICICI Securities
Hotel Sector Update : Rates remain strong, occupancies soften marginally By ICICI Securities
Source: ICICI Securities Ltd
30/06/2023 11:55:21 AM
Indian Hotels Company moves up on signing Taj Ganga Kutir Resort & Spa in West Bengal Indian Hotels Company is currently trading at Rs.392.20, up by 8.75 points or 2.28% from its previous closing of Rs. 383.45 on the BSE. The scrip opened at Rs. 384.40 and has touched a high and low of Rs. 392.25 and Rs. 384.20 respectively. So far 59232 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 405.20 on 19-Jun-2023 and a 52 week low of Rs. 220.50 on 01-Jul-2022. Last one week high and low of the scrip sto...
Indian Hotels Company moves up on signing Taj Ganga Kutir Resort & Spa in West Bengal
Indian Hotels Company moves up on signing Taj Ganga Kutir Resort & Spa in West Bengal
Source: Accord Fintech
28/06/2023 11:42:20 AM
Chalet Hotels surges on planning to raise further funds Chalet Hotels is currently trading at Rs. 415.45, up by 9.10 points or 2.24% from its previous closing of Rs. 406.35 on the BSE. The scrip opened at Rs. 407.35 and has touched a high and low of Rs. 417.60 and Rs. 407.35 respectively. So far 1842 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 450.00 on 25-May-2023 and a 52 week low of Rs. 296.05 on 24-Jun-2022. Last one week high and low of the scrip stood at R...
Chalet Hotels surges on planning to raise further funds
Chalet Hotels surges on planning to raise further funds
Source: Accord Fintech
26/06/2023 11:00:10 AM
Indian Hotels Company gains on launching holistic wellness brand Indian Hotels Company is currently trading at Rs. 396.00, up by 1.65 points or 0.42% from its previous closing of Rs. 394.35 on the BSE. The scrip opened at Rs. 396.05 and has touched a high and low of Rs. 402.95 and Rs. 394.15 respectively. So far 51360 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 405.20 on 19-Jun-2023 and a 52 week low of Rs. 214.20 on 22-Jun-2022. Last one week high and low of the scrip st...
Indian Hotels Company gains on launching holistic wellness brand
Indian Hotels Company gains on launching holistic wellness brand
Source: Accord Fintech
21/06/2023 3:49:42 PM
Hilton India ranked No 1 company in `India`s Best companies to work for`` and the ``Best in Industry: Hotels and Resorts`` Category 2023 I am writing on behalf of Hilton India. We are thrilled to announce that global research and consulting firm ‘Great Place to Work’ has named Hilton India as India's No. 1 company to work for. For the first time a hospitality brand has received such a high honour. Please find attached the press release with Hilton’s key employee initiatives as well as quotes from our Country Head – Mr. Navjit Ahluwalia and Vice President, Human Resou...
Hilton India ranked No 1 company in `India`s Best companies to work for`` and the ``Best in Industry: Hotels and Resorts`` Category 2023
Hilton India ranked No 1 company in `India`s Best companies to work for`` and the ``Best in Industry: Hotels and Resorts`` Category 2023
Source: PR Agency
17/06/2023 12:49:54 PM
Buy Lemon Tree Hotels For Target Rs137 - ICICI Securities Mumbai Airport hotel opening to drive growth Lemon Tree Hotels (LTH) clocked its best-ever quarter in Q4FY23, and with the company having achieved FY23 revenue and EBITDA of Rs8.8bn and Rs4.5bn respectively, the company has exceeded its FY23 guidance of revenue growing 100% YoY to Rs8.0bn at an EBITDA margin of 50%. While FY23 has been the year of recovery, the focus from FY24 will be on: a) industry demand CAGR over FY23- 27E of over 10% vs. supply CAGR of 4-5%, b) company’s plans t...
Buy Lemon Tree Hotels For Target Rs137 - ICICI Securities
Buy Lemon Tree Hotels For Target Rs137 - ICICI Securities
Source: ICICI Securities Ltd
17/06/2023 11:19:19 AM
Indian Hotels Company moves up on partnering with Tata STRIVE to establish skill centre The Indian Hotels Company is currently trading at Rs. 395.60, up by 2.20 points or 0.56% from its previous closing of Rs. 393.40 on the BSE. The scrip opened at Rs. 394.00 and has touched a high and low of Rs. 396.00 and Rs. 393.25 respectively. So far 29027 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 399.40 on 02-Jun-2023 and a 52 week low of Rs. 207.25 on 20-Jun-2022. Last one week high and low of the scri...
Indian Hotels Company moves up on partnering with Tata STRIVE to establish skill centre
Indian Hotels Company moves up on partnering with Tata STRIVE to establish skill centre
Source: Accord Fintech
16/06/2023 11:45:26 AM
Buy Indian Hotels Company Ltd For Taget Rs.440 - Motilal Oswal Financial Services IH’s (Indian Hotels’) FY23 annual report highlights the strong growth witnessed by the company during the year, on the back of robust traction in core business. The strong pipeline of 10,145 rooms (~48% of operational portfolio) coupled with rapidly scaling reimagined new businesses are expected to drive the diversified growth path for the company going ahead.   * IH has focused on tapping into adjacent categories and re-imagining its existing businesses. TajSATS and Gi...
Buy Indian Hotels Company Ltd For Taget Rs.440 - Motilal Oswal Financial Services
Buy Indian Hotels Company Ltd For Taget Rs.440 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
14/06/2023 3:50:50 PM
Buy EIH Ltd For Target Rs.240 - ICICI Direct Strong demand to aid growth in ARRs About the stock: EIH Ltd is the flagship company of the Oberoi group that manages 33 hotels (~11 owned and 22 under management contract) with room inventory of ~4247 rooms. • The company operates the hotels under the brands Oberoi - super luxury brand, Trident-five star brand and Maidens (heritage) • EIH also provides catering/kitchen services to airlines and operates restaurants/lounges at airports and is also into air charter and car hi...
Buy EIH Ltd For Target Rs.240 - ICICI Direct
Buy EIH Ltd For Target Rs.240 - ICICI Direct
Source: ICICI Direct
14/06/2023 3:23:29 PM