INSUBCONTINENT EXCLUSIVE:
ITC Hotels continued its upward momentum for the third consecutive day on Friday, rising 2.36% to Rs 247.66 in intraday trade
stock.The company posted a strong 54% year-on-year (YoY) growth in net profit for Q1FY26, with profit attributable to shareholders rising to
Rs 133 crore from Rs 87 crore a year earlier
Revenue from operations also increased 15.5% to Rs 816 crore, compared to Rs 706 crore in Q1FY25.In its research note, Elara Securities
The ramp-up in occupancy at ITC Ratnadipa led to stronger operating leverage
At ITC Ratnadipa, occupancy is ramping up well, delivering an 80% RevPAR growth in Sri Lankan Rupee terms
We raise our SoTP-based target price to Rs 256 from Rs 225, valuing the hotel business at 28x Q1FY28E EV/EBITDA and Sapphire Residences at
An RSI above 70 typically indicates overbought conditions, suggesting the stock has witnessed a strong rally and may be due for near-term
consolidation or profit booking.
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