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Discovery Series | Royal Orchid Hotels: Will the stock fly to new highs?

A strong balance sheet owing to an asset-light approach makes the company well poised to reap the benefits of a demand surge. Also, attractive valuations provide potential for significant re-rating from current levels.

September 21, 2022 / 01:36 PM IST
Discovery Series | Royal Orchid Hotels: Will the stock fly to new highs?

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

After two years of restrictions due to COVID-19, the travel demand has come back with a bang. This demand momentum is expected to remain strong over the next 2-3 years. The hotel industry is on an upswing, and, hence, we recommend Royal Orchid Hotels Ltd (ROHL; CMP: Rs 253; Market cap: Rs 695 crore) as our pick in the Discovery Series. ROHL’s earnings are expected to grow strongly over the next 2-3 years, given the industry upcycle, rapid expansion plans and...

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