Reported revenue and profit declined due to residential revenue recognition trends, while hospitality and rental annuity businesses posted double-digit Ebitda growth
Stocks to watch today: Bajaj Finance, Vedanta Ltd, Tata Steel, Bajaj Housing Finance, Dabur India, PNB, RCF, IRFC, Torrent Pharma, Vedanta Power, Waaree Energies, among others, will be in focus today.
Hospitality companies bank on year-round demand beyond summer peak
ICICI Securities has reiterated its 'Buy' rating on ITC Hotels, Indian Hotels Company, Leela Palaces Hotels & Resorts, Chalet Hotels, Lemon Tree Hotels and Brigade Hotel Ventures.
The hospitality sector is expected to remain stable in FY27, supported by domestic leisure travel and MICE sector demand, with room rates likely to remain firm, said Indian Hotels Company.
Analysts expect room rates to improve in the upcoming quarters as the impact of the West Asia crisis may normalise
Analysts at Axis Securities pin hopes on US tariff relief, revival in private capex, improving business confidence and rural recovery as potential positive triggers for the market recovery.
Geopolitical tensions may hit foreign tourist inflows, affecting occupancies and room rates even as domestic demand stays resilient; outlook hinges on conflict duration
ICICI Securities has maintained 'Buy' ratings on major listed players - Indian Hotels, ITC Hotels, Leela Palaces Hotels & Resorts, Lemon Tree Hotels, and Chalet Hotels
In February, Lemon Tree Hotels shares plunged 16 per cent, Chalet Hotels tanked 14 per cent, Indian Hotels Company (IHCL) slipped 5 per cent and ITC Hotels fell 8 per cent
Despite the near-term volatility, ICICI Direct said that markets have historically bounced back after geopolitical shocks