TODAY’S STOCK PICK
Current Price Indian hospitality industry is set to enter an upcycle, led by favourable demand-supply dynamics. Industry occupancy (67%) has already breached the optimum level, allowing players to exercise pricing power. As the second largest hotel chain operator in India with presence in high-demand, highoccupancy micro markets, Indian Hotels is strategically well placed to capitalise on the growth opportunities, in our view. It also has an edge in terms of operating leverage, given its high fixed-cost proportion and efforts to rationalise expenses.
— Motilal Oswal Securities Limited