Sensex Today | Morgan Stanley keeps ‘equal-weight’ rating on Indian Hotels, target price at Rs 780
#1 Q3 RevPAR growth was 7% YoY & the company is seeing double-digit growth so far in Q4
#2 Beyond RevPAR, topline growth will also be driven by management fees, new business & recent acquisitions
#3 Company is a well-run franchise with sector-leading RoCE
Indian Hotels Company was quoting at Rs 704.50, down Rs 7.10, or 1.00 percent.
It has touched an intraday high of Rs 709.90 and an intraday low of Rs 683.95.
It was trading with volumes of 101,990 shares, compared to its five day average of 48,698 shares, an increase of 109.43 percent.