In India, Declining Covid-19 cases, expediting the vaccination drives, and gradual unlocking of markets have given some ray of hope to the hotel industry. As most of the states have announced step-by-step unlocking people have started leisure activities and business tours.
We believe that in the days to come, hotel industry stocks should see an upward trend compared to the core tour & travel and aviation sector stocks. Here are the shortlisted 03 stocks from the hospitality sector which should head northward going forward.
Here’s the list…
1. Indian Hotels Co. Ltd.
Indian Hotel Company is the largest hospitality group in India in terms of market capitalization. The group has several hotels in the luxury, upscale to midscale hotel segment.
2. EIH Ltd.
EIH Ltd is a chain of luxury hotels, the majority of its stock is held by The Oberoi group. The company operates the hotels in the brand name of Oberoi and Trident. EIH has reported a consolidated total income of Rs. 230.77 crore for the quarter ended March 2021, up around 18.5% on a quarter-over-quarter basis.
3. Lemon Tree Hotels.
Lemon Tree Hotel is India’s largest hotel chain in the mid-priced hotel sector. Most of the company’s hotels are located in non-metro towns. Very recently, Lemon Tree has signed an MOU with the Ministry of Power for implementing energy efficiency and conservation measures at their selected properties.
The data has been given by investing.com
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