Pankaj Pandey of ICICI Direct have a target price for Indian Hotel scrip Rs 104. He is of the view that in this particular quarter the occupancy levels have gone up from 50-60%. In coming FY11, the occupancy level would improve by another 700 basis points and it will reflect as around 4% improvement in FY11.

Coupled with the above conditions if you see on terms of expansion plans the company would be adding about 1200 keys in this particular year and another 1500 keys in next year. So that will take the volume total to about 13% odd. Going forward we think situation improving for the hotel industry as a whole.

Indian Hotels CMP is Rs 87.90 on 13th Nov 09.

Related articles by Zemanta

• Ctrip.com International 3Q profit up 80 percent (sfgate.com)

Related posts:

1. Indian Hotels Q2 FY10 : Results announced Indian Hotels Company Ltd has announced the following Audited...
2. Indian billionaires club : As per Forbes As per the latest report of Forbes magazine, there...
3. Indian Budget 2010-11 Highlights, Webcast and pdf Format Indian Union Budget 2010-11 Highlights are as follows :-...
4. JSW Steel @ 615 for a target of Rs 1100 Brokerage house CLSA has assigned a ‘buy’ rating to JSW...
5. Global Markets Race 2009 : Indian Sensex is Runner-Up Indian market’s BSE Sensex gains 81 percent in 2009....

Related posts brought to you by Yet Another Related Posts Plugin.