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Bloomberg Quint

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Image Credit: Bloomberg Quint

Ventive Hospitality Gets 'Buy' From HSBC On Strong Balance Sheet, Healthy Cash Flow

  • HSBC Global Research initiates coverage on Ventive Hospitality with a 'Buy' rating and a target price of Rs 854 per share.
  • Ventive Hospitality owns 11 hotels in India and the Maldives, with primary markets generating 90% of its revenue.
  • The Indian hospitality industry is experiencing a robust upcycle, driven by urbanization and increased spending on holidays.
  • Ventive's recent underperformance and lower occupancy levels are expected to improve as airport infrastructures in Pune and the Maldives improve.

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