ITC Hotels receives rating upgrade from Elara Capital
market hours1 source ↓written by the desknot a recommendation
- in occupancy rates
- 254 bp expansion
- increase in average
- 6.4% YoY
Elara Capital has upgraded ITC Hotels to BUY from Accumulate following Q2 results. The upgrade is supported by a 254 bp expansion in occupancy rates and a 6.4% YoY increase in average room rates to ₹11,250. The new Epiq Collection brand is expected to drive further growth.
This rating change may enhance investor sentiment and attract buying interest in the stock.
Not investment advice. For informational purposes only.