TajGVK Hotels gets bullish call despite 26% yearly stock drop
In short
TajGVK Hotels shares are down 26% over the past year, but Monarch Research still sees upside. It expects revenue to grow at a 26.4% CAGR and EPS at a 15.4% CAGR from FY26 to FY29E, and it values the stock at 8x FY29E EV/EBITDA.
This matters to investors because the view suggests recovery potential even after the slump. The report also mentions risks from project delays and reliance on Hyderabad.
What the reporting says
Monarch Research said TajGVK Hotels still has upside, even though the stock is down 26% over the past year. The brokerage projects revenue and EPS growth of 26.4% and 15.4% CAGR from FY26 to FY29E, and values the stock at 8x FY29E EV/EBITDA. The source also flags risks such as project delays and dependence on Hyderabad, but it does not give a current target price in the supplied summary.
Why it matters
Monarch Research turned bullish on TajGVK Hotels despite a 26% fall in the stock over the past year. It forecast revenue and EPS growth of 26.4% and 15.4% CAGR from FY26 to FY29E and used an 8x FY29E EV/EBITDA valuation. The call may interest investors in hotel stocks, but the reporting does not state a target price or confirm any catalyst beyond the brokerage view.