Synopsis
Analysts believe the country’s largest hotel company will be a major beneficiary of the recovering demand in the sector as economic activities resume amid the receding third wave of the pandemic and falling caseload.
ET Intelligence Group: The stock of Indian Hotels Company has gained 20% in March outperforming the 10% gain in the ET Hospitality index. Analysts believe the country’s largest hotel company will be a major beneficiary of the recovering demand in the sector as economic activities resume amid the receding third wave of the pandemic and falling caseload.
According to the Bloomberg consensus estimate, the company is expected to clock 40-45%
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