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Indian Hotels: Is this an ideal stock to play the post-COVID revival?

With the opening up of the economy and sequential improvement in performance, IHCL’s stock has rallied by 27 percent over the last three months

February 04, 2021 / 05:44 PM IST
Indian Hotels: Is this an ideal stock to play the post-COVID revival?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights - Sequential improvement continues in Q3 with company near EBIDTA breakeven; turns cash positive in December 2020 - Trend of sequential improvement to continue; drop in COVID cases and increasing vaccination improve recovery prospects - IHCL valuations attractive; best stock to play hotel recovery theme - Investors with long-term view can add the stock Indian Hotels Company’s (IHCL) (CMP: Rs 123; Mkt cap: Rs 14,610 cr) trend of sequential improvement continued in Q3FY21. IHCL turned almost EBIDTA breakeven in Q3 while the cash...

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