Motilal Oswal stays bullish on hotels; sees up to 34% upside in Indian Hotels, Lemon Tree, Ventive, IndiGo
Brokerage reiterates Buy ratings with targets of Rs 820 (Indian Hotels), Rs 150 (Lemon Tree), Rs 780 (Ventive) and Rs 5,850 (IndiGo). Thesis rests on robust ARRs, occupancy, MICE, weddings and domestic travel powering 9-11% RevPAR growth into FY27, alongside 19% revenue and 14% Ebitda growth.
Motilal Oswal reiterates Buy on Indian Hotels (TP Rs 820), Lemon Tree (Rs 150), Ventive (Rs 780) and Indigo (Rs 5,850), citing strong ARR, occupancy, MICE, weddings and domestic travel driving 9-11% RevPAR growth in FY27.