Midcap stocks to buy: GAIL, Lemon Tree Hotels, Varun Beverages among 12 stocks that can rise 14-37% in the next one year
Stocks to buy: IndiGo, Adani Ports, Jindal Steel among 5 stocks that can rise 12-53% in next 1 year, say brokerages The analyst expects the strong momentum to continue going forward, led by a further improvement in occupancy and ARR, on the back of a resilient demand scenario, an increase in ARR with the addition of Aurika MIAL and room renovations, and a strong addition of hotel under management contracts. Management expects mid-teen ARR growth with an occupancy rate of over 70 per cent in FY25.
"We expect Lemon Tree to deliver revenue, EBITDA and adjusted PAT CAGR of 22 per cent, 22 per cent and 40 per cent, respectively, over FY23-26 and RoCE to improve to 17.3 per cent by FY26 from 9.4 per cent in FY23," said the analyst. Also Read: Stock to buy: Bharat Electronics is Anand Rathi’s Value Pick; sees 25% upside potential Varun Beverages has adopted a multi-pronged strategy for the calendar year 2024 (CY24) to sustain growth momentum - focusing on enhancing manufacturing capability, augmenting distribution, and geographical reach.
Within the export market, Varun Beverages has signed an exclusive agreement to manufacture and package Cheetos in Morocco to tap into the snack food market. Along with the above agreement, the recent BevCo acquisition aligns perfectly with Varun Beverages’ strategic goals of enhancing its presence in the African snacks and beverage market.
"We expect 21 per cent, 22 per cent and 28 per cent revenue, EBITDA and PAT CAGR over CY23-26," said the analyst. Also Read: Nifty 50, other indices rejig tomorrow: Shriram Finance, HDFC Bank, Jio Finance, Adani Power to see highest inflows Kaynes Technology has formed a manufacturing alliance for producing a clear glass lens through a technology
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