TO­DAY’S STOCK PICK

The New Indian Express - - PERSONAL FINANCE -

IN­DIAN HO­TELS

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

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