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Last Updated : Feb 13, 2019 03:25 PM IST | Source:

Buy Indian Hotels Co; target of Rs 189: Motilal Oswal

Motilal Oswal is bullish on Indian Hotels Co has recommended buy rating on the stock with a target price of Rs 189 in its research report dated February 12, 2019.

Broker Research @moneycontrolcom
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Motilal Oswal's research report on Indian Hotels Co

IHIN's consol. revenue grew 11% YoY to INR13.2b (our estimate: INR13.1b) in 3QFY19. EBITDA increased 20% YoY to INR3,355m (our estimate: INR3,402m), with the margin expanding 190bp YoY to 25.4% (our estimate: 26.0%). Adj. PAT rose 36% YoY to INR1,208m (our estimate: INR1,393m). For 9MFY19, consol. revenue grew 10.5% YoY to INR32.7b, with margin expansion of 230bp YoY to 16.7% (EBITDA up 28.1% YoY to INR5,454m).


On an SOTP (consol. and JV & associate) basis, we arrive at a TP of INR189, implying an upside of 39%. Maintain Buy.

For all recommendations report, click here

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

First Published on Feb 13, 2019 03:25 pm
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