Indian Hotels, Cello World, Sobha and more: MOSL picks 10 midcap stocks to buy ahead of general election outcome
Indian Hotels: The brokerage has a target price of ₹680 for the stock, indicating a 19 percent potential upside. MOSL expects the strong momentum to continue in FY25, led by 1)an increase in ARR; 2) sustaining higher occupancy levels led by favourable demand-supply dynamics; 3) strong room addition pipeline till FY28 in both owned/leased (2,779 rooms) and management hotels (10,174); 4) higher income from management contracts; and 5) value unlocking by scaling up reimagined and new brands. In FY25, Indian Hotel (IH) expects to sustain double-digit revenue growth, with new businesses expected to grow 30%.
It targets to open ~25 hotels in FY25, added the brokerage. Read here: Zomato, ITC, ICICI Bank, SBI and more: MOSL lists 10 large-cap stocks to buy ahead of general election outcome Godrej Properties: The brokerage has a target price of ₹3,000 for the stock, indicating a 5 percent potential upside. GPL delivered an exceptional performance with 84% YoY growth in bookings, aided by the strong positive reception of new launches in both the NCR and Mumbai.
Management remains confident of sustaining consistent growth of 20% over the medium term. The company is targeting to launch new projects worth ₹30,000 crore with new launches continuing to drive sales in FY25, said MOSL. It believes GPL will continue to surprise on growth, cash flows, and margins, given its strong pipeline and healthy realisations, which have been the key investor concerns.
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