BUZZ-Indian Hotels Company to benefit from domestic demand in Q1, says Goldman Sachs

غولدمان ساكس إنك

Goldman Sachs Group, Inc.

GS

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** Indian Hotels Company IHTL.NS up about 0.6% to 742.55 rupees apiece--on track for a sixth straight session of gains

** Shares touched seven month high before paring gains

** Goldman Sachs revises co's revenue per available room (RevPAR) estimates to about 9% YoY in Q1 FY27 vs earlier expectation of 6-7% YoY; reiterates "buy" rating, TP of 830 rupees

** Hotel sector demand has remained strong despite West Asia conflict, rising air fares and government call to minimize unnecessary travel -- brokerage

** Usual outbound tourism demand shifted to domestic destinations, benefitting co, Goldman analysts say

** International air travel showing initial signs of improvement, boding well for international heavy H2 for IHTL

** 24 out of 29 analysts rate the stock "buy" or higher, with median PT of Rs 786.5

** YTD, stock up 0.54%