ITC Hotels receives rating upgrade after Q2 results
pre-market1 source ↓written by the desknot a recommendation
- in occupancy rate
- 254 bp expansion
- increase in average
- 6.4% YoY
- room rate
- ₹11,250
Brokerage firm Elara Capital upgraded ITC Hotels to BUY from Accumulate following its Q2 results. The company reported a 254 bp expansion in occupancy rate and a 6.4% YoY increase in average room rate to ₹11,250. New hotel openings and the launch of the Epiq Collection are expected to drive growth.
This rating upgrade may enhance investor sentiment and support share price momentum in the near term.
Not investment advice. For informational purposes only.