Indian Hotels: A Best Play In The Sector, Says Anand Rathi
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Anand Rathi Report
After Covid-19 subsides, we expect The Indian Hotels Company Ltd. to outclass others, driven by its dominance in the Indian hotel sector, strong brand equity, well diversified portfolio across business segments and price points.
We reckon that complete revival in demand will be from Q1 FY23 subject to the speed of vaccination.
In our view, the company has enough liquidity to tide as earnings will take time to recover; particularly cross-border travel led and is discounted in the price.
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