Скачать или смотреть Weekly Outlook: Indian Hotels among Top Stock Picks. FII Net Sellers

Highlights of 13th May Fundamental Weekly Podcast

The Nifty-50 Index and Sensex lost around 3% while the mid-cap index lost 3.9% and the small-cap index gained +4.5%.

Global markets continue to remain buoyant, with Brazil, Germany, and the US being the top-performing markets.

Nervousness around the election outcome and a muted Q4FY24 earnings season have resulted in downbeat sentiment.

FIIs continue to be a net cash seller to the tune of Rs. 24,975 crores, to date in May’24. 

PICK OF THE WEEK - Indian Hotels - TARGET - Rs 640

IHCL closed FY2024 with 20% yoy growth in consolidated EBITDA, aided by
(1) the addition of 2,500 keys in the past 12 months
(2) 12% yoy growth in domestic ARR (standalone) to Rs15,414/day
(3) +500 bps improvement in occupancy to 76.7%. 4QFY24 ARR growth (standalone) at 4% yoy was lower
The strong earnings growth keeps us positive despite rich valuations.

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