BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
The strong impact of Covid-19 outbreak led to a sharp decline in EIH Ltd.’s stock price by 63% from Rs 149 in January 2020 to Rs 55 in May 2020.
While the stock price has increased to Rs 97 now, in our view, it does not fully incorporate the strong growth in earnings post the pandemic.
On an overall sectoral basis, our optimism is driven by strong pricing power and better occupancies in branded hotels due to the expected closure of 10-20% of the branded room supply in the wake of the pandemic, as per hotel experts.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR