Hot Stocks: Axis Capital sees 16-30% upside in 3 hotel stocks. Take a look
Axis Capital has initiated coverage on hotel stocks, including "Buy" ratings for Indian Hotels, Chalet Hotels, and Juniper Hotels, with target price upsides ranging from 16% to 29%. The report highlights a strong demand growth forecast of 12% between FY24 and FY27, driven by corporate earnings, domestic travel, and higher spending. Axis sees attractive opportunities in undervalued stocks.