Buy Royal Orchid Hotels, tgt Rs 108: SKP Securities

2296 Investors following Royal Orchid. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy Royal Orchid Hotels, tgt Rs 108: SKP Securities

SKP Securities has recommended a buy rating on Royal Orchid Hotels, with price target of Rs 108, in its report dated December 31, 2009.

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ See previous views by SKP Securities See what other Experts & Brokerages are saying about Royal Orchid See messages about Royal Orchid Royal Orchid BSE | NSE 31/05/12 Are Mutual Funds betting on Royal Orchid?

SKP Securities has recommended a buy rating on Royal Orchid Hotels , with price target of Rs 108, in its report dated December 31, 2009. The stock closed at Rs 80.45 on December 31, 2009.

"At current market price of Rs 82, Royal Orchid Hotels is trading at EV/EBITDA of 12.0x and 8.0x of FY11E and FY12E EBITDA, respectively. We have valued the stock at 9.5x its FY12E EV/EBITDA (which is inline with its historical average and discount to its peer group). We expect ROHL's EBITDA to grow at a CAGR of 17.35% over FY09-FY12E. We hereby initiate coverage on ROHL Ltd. and recommend buy rating with a target price of Rs 108 (32% upside) in 15 months," says SKP Securities report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click on the attachment