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Buy EIH; target of Rs 185: ICICI Direct

ICICI Direct is bullish on EIH has recommended buy rating on the stock with a target price of Rs 185 in its research report dated August 02, 2022.

August 04, 2022 / 05:13 PM IST
 
 
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ICICI Direct's research report on EIH


EIH Ltd is the flagship company of the Oberoi group that manages 33 hotels (~11 owned, 22 under management contract) with room inventory of ~4512 rooms. The company operates the hotels under the brands Oberoi - super luxury brand, Trident-5 star brand and Maidens (heritage) • EIH also provides catering/kitchen services to airlines and operates restaurants/lounges at airports and also into air charter and car hire services.


Outlook


Hence, we remain positive on the company with BUY rating on the stock. We value EIH at Rs185 i.e. 22.0x FY24E EV/EBITDA.


For all recommendations report, click here

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EIH -020822 - ic

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first published: Aug 4, 2022 05:13 pm
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