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    Royal Orchid Hotels: Why should you count on this hotel stock, post correction?

    ROHL is planning to introduce more sub-brands for large-sized properties, aiming to build a diverse portfolio as well as sharpen product offerings

    Bharat Gianani
    March 18, 2024 / 04:19 PM IST
    Royal Orchid Hotels: Why should you count on this hotel stock, post correction?

    A steep correction of 23 percent in the past one month provides an attractive entry point into the stock.

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights

    • Strong demand momentum

    • Robust growth plans

    • Building professional management

    • Industry up-cycle to sustain

    • Valuations attractive post correction

    Royal Orchid Hotels Limited (ROHL; CMP: Rs 346; Market Cap: Rs 948 crore; Rating: Overweight) is well positioned to ride the hotel industry up-cycle, which is likely to sustain over the next few years. With a growing network and enhanced brand recognition, bigger hoteliers are now willing to partner with ROHL. This provides confidence on ROHL’s growth plans.

    ROHL is also planning to introduce more

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