Feb 27 2024, 09:06
7 hotel stocks from large, mid and smallcap space, one with upside potential of up to 27%:
Thirty years back in 1994, when the Indian market witnessed the first round of bull run after the Harshad Mehta scam, the sector which was on top gainer list was the hotel sector. In those days, the logic given in the brokerage research reports, which used to come out very infrequently and were miniscule in numbers, was that as the Indian economy opens up, more foreign business travellers would be coming to India. That will lead to higher occupancy and it is not easy to set up a 5 star.
Travel tourism and airlines, everything related to the hospitality sector suffered the maximum damage due to Covid-19. What appeared as revenge traveling post covid, turned out to be unstoppable traveling Indian. Probably that is the reason that in order to take advantage of our insatiable desire to travel some of the countries have removed the requirement of advance visa for Indians. If one goes by airline ticket prices, room rent and occupancy level of hotels it is very clear that both airlines and hotel prices have remained higher than normal in all seasons of the year, whether busy or off season. If one looks at the results of the hotel companies, they have turned better on many counts. The estimates are the average room rent would increase further over next 12 months.
2024.
Hotel stocks - Upside potential
Feb 26, 2024
Company Name
Lemon Tree Hotels
Latest Avg Score
5
Reco
Buy
Analyst Count
16
Upside Potential%
27.0
Inst Stake
47.3
Market Cap Type
Mid
1Wk Returns %
4.0
1M Returns%
24
3M Returns%
22.6
1Y Returns
90.1
Market Cap Rs Cr
11,226
Company Name
EIH Ltd
Latest Avg Score
8
Reco
Buy
Analyst Count
2
Upside Potential%
15.6
Inst Stake
17.3
Market Cap Type
Large
1Wk Returns
3.2
1M Returns%
37.9
3M Retums%
71.0
1Y Returns
147.5
Market Cap Rs Cr
25,446
Company Name
Indian Hotels Co
Latest Avg Score
9
Reco
Buy
Analyst Count
20
Upside Potential%
3.5
Inst Stake
30.8
Market Cap Type
Large
1Wk Returns
10.6
1M Returns%
26.1
3M Returns
41.5
17 Returns%
92.8
Market Cap Rs Cr
84,566
Company Name
Chalet Hotels
Latest Avg Score
7
Reco
Buy
Analyst Count
13
Upside Potential%
3.2
Inst Stake S
21.2
Market Cap Type
Mid
1Wk Returns
0.5
1M Returns%
14.7
3M Returns%
47.5
TY Returns
136.7
Market Cap Rs Cr
17,733
Company Name
TAJ GVK Hotels
Latest Avg Score
9
Reco
Analyst Count
Upside Potential%
Inst Stake%
3.4
Market Cap Type
Small
1Wk Returns%
90
1M Returns%
61.0
3M Returns%
75.5
1Y Returns
Market Cap Rs Cr
112.5
2,442
Company Name
EIH Associated Hotels
Latest Avg Score
9
Reco
Analyst Count
Upside Potential%
Inst Stake
13.5
Market Cap Type
Small
1Wk Returns S
44
1M Returns%
22.8
3M Retums%
77.5
1Y Returns
93.4
Market Cap Rs Cr
2,348
Company Name Latest Avg Score
India Tourism Development Corp
6
Reco Analyst Count
*Upside Potential%
Inst Stake
1.9
Market Cap Type
Mid
1Wk Returns
16.3
1M Returns%
34.1
3M Retums%
93.8
1Y Returns%
149.1
Market Cap Rs Cr
6.887
Calculated from highest price target given by analysts
source: et
Feb 27 2024, 09:35