Motilal Oswal backs Lemon Tree, Indian Hotels and Ventive
In short
Motilal Oswal gave 'Buy' ratings to Indian Hotels, Lemon Tree and Ventive Hospitality. The summary says the sector is getting support from more domestic travel and corporate events ahead of the wedding season.
This matters because it points to stronger demand for hotels. What is still unknown is how much that will lift revenue or room prices for the three companies.
What the reporting says
Motilal Oswal gave 'Buy' ratings to Indian Hotels, Lemon Tree and Ventive Hospitality ahead of the wedding season. The summary says the hospitality sector is benefiting from rising domestic travel and more corporate events. The immediate consequence is a more constructive view on hotel stocks, though the note does not state price targets or any earnings estimates.
Why it matters
Motilal Oswal issued 'Buy' ratings on Indian Hotels, Lemon Tree and Ventive Hospitality ahead of the wedding season, according to the publisher summary. The cited reasons are rising domestic travel and more corporate events, which support the hospitality sector. The note does not provide target prices or financial forecasts, so the market impact is limited to a more positive stock view.