Jefferies on Indian Hotels (Investor meet takeaways)
Buy, TP raised to Rs 380
Raise FY23-25 EBITDA est. by 14-19%
Runrate of occupancies/ARRs strong
Confident on margins, biz mix under Ahvaan-25 strategy
Focused on BS/FCF
Resolution for Int’l & Searock Inv in 2-3yrs
