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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

    Bharat Gianani
    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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