Lemon Tree Hotels - Decent Operating Performance
Backed by the opening of Aurika, Mumbai, and expansion in managed room portfolio, we expect revenue/EBITDA CAGR of 18%/23% over FY24-FY26E.
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HSIE Results Daily: Bharat Forge, Deepak Nitrite, Bata India, Century Plyboards India
Bharat Forge: Bharat Forge’s consolidated revenue grew 6% YoY to INR 41.1bn, aided by recovery in its oil & gas vertical
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Juniper Hotels IPO - Looks Somewhat Fairly Valued
Juniper Hotels is looking to raise up to US$217m in its upcoming India IPO. We have looked at the past performance earlier. In this note, we talk...
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HSIE Results Daily: Lupin, Cummins, Apollo Tyres, Kalpataru Projects International
Lupin: EBITDA growth (+98% YoY and +11% QoQ) was led by 20% YoY sales growth (US: flat QoQ, India +13% YoY, EMEA: +36% YoY and +71% RoW),
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Apeejay Surrendra Park Hotels IPO - Has Bounced Back Strongly, at a Decent Discount
Apeejay Surrendra Park Hotel (PARK IN) (ASPH) plans to raise up to US$111m via selling a mix of primary and secondary shares in its India IPO.
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