Indian Hotels and Oriental Hotels rise on strong Q2 expectations
In short
Indian Hotels and Oriental Hotels rose by as much as 6% on Friday. The report says Q1 was hurt by the US-Iran conflict, but Axis Securities now expects a stronger Q2 because metro demand is improving and the BRICS Summit could help.
This matters for hotel investors and the companies’ share prices. The report does not give any earnings numbers or say how much the conflict affected results.
What the reporting says
Indian Hotels and Oriental Hotels rallied by up to 6% on Friday, according to the market summary. The reporting says the stocks were hurt in Q1 by the US-Iran conflict, while Axis Securities analysts now expect a stronger Q2 on improving metro demand and the BRICS Summit. The exact revenue impact, timeline, and whether those expectations are already reflected in results were not stated.
Why it matters
Indian Hotels and Oriental Hotels rose up to 6% on Friday, according to the market summary. Analysts at Axis Securities expect a stronger second quarter, helped by improving metro demand and the BRICS Summit, after Q1 was affected by the US-Iran conflict. The reporting does not provide earnings figures, so the size of the recovery remains uncertain.