External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<div><div><div><div><ul><li>We initiate coverage on Indian Hotels Company Ltd (IHCL) with a BUY rating and a target price of Rs 360 (EV/EBITDA 26x for FY25E EBITDA), implying an upside of 16% from the CMP.</li><li>The Indian Hotels Company Limited (IHCL), along with its subsidiaries, offers a fusion of warm Indian hospitality and world-class service.</li><li>These include Taj – the iconic brand for the most discerning travellers, SeleQtions – a named collection of hotels; Vivanta – sophisticated upscale hotels; and Ginger – which is revolutionising the lean luxe segment.</li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We initiate coverage on Indian Hotels Company Ltd (IHCL) with a BUY rating and a target price of Rs 360 (EV/EBITDA 26x for FY25E EBITDA), implying an upside of 16% from the CMP.The Indian Hotels Company Limited (IHCL), along with its subsidiaries, offers a fusion of warm Indian hospitality and world-class service.These include Taj – the iconic brand for the most discerning travellers, SeleQtions – a named collection of hotels; Vivanta – sophisticated upscale hotels; and Ginger – which is revolutionising the lean luxe segment.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indian Hotels Company Ltd - Strategic Measures, Proactive Capex