Mahindra Holidays Resorts India: Target Rs. 465
Investment Arguments
^ Diverse Product portfolio
^ Capex and expansion plans on track
^ Improving operating matrix slowly and gradually – Q3 results
^ Improving Industry Outlook
^ Attractive Valuations
Valuation
With a unique revenue model, capex and expansion plans on track and member additions with lower cancellations shows a better outlook for the company. Currently the stock is trading close to lowest PE from its listing. We see a price target of Rs.465 for next 24 months.
Review by Anand Rathi
Anadrathi, 4th Floor, Silver Metropolis, Jai Coach Compound, Opposite Bimbisar Nagar, Goregaon(East), Mumbai - 400 063. India
Tel No: + 4001 3700, Fax No: + 4001 3770, Website: www.rathi.com
Investment Arguments
^ Diverse Product portfolio
^ Capex and expansion plans on track
^ Improving operating matrix slowly and gradually – Q3 results
^ Improving Industry Outlook
^ Attractive Valuations
Valuation
With a unique revenue model, capex and expansion plans on track and member additions with lower cancellations shows a better outlook for the company. Currently the stock is trading close to lowest PE from its listing. We see a price target of Rs.465 for next 24 months.
Review by Anand Rathi
Anadrathi, 4th Floor, Silver Metropolis, Jai Coach Compound, Opposite Bimbisar Nagar, Goregaon(East), Mumbai - 400 063. India
Tel No: + 4001 3700, Fax No: + 4001 3770, Website: www.rathi.com
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