Let me try to put my question differently…rather than what one would do with their ITC hotel demerged stocks, what must be ideal market cap of ITC hotels as on today, with Indian Hotels trading at a mcap of almost 1 lac crore and PE of approx 76? Is this valuation of Indian hotels sustainable ? If the hotel industry is all about deep cycle related to capital intensive nature, the trajectory of the sector should not work in unison but rather depend in individual companys capex…however something unique happened last few years after covid and we saw this sector also move in unison…is this sustainable change?
| Subscribe To Our Free Newsletter |
