Buy Indian Hotels Company; target of Rs 900: Anand Rathi

Anand Rathi's research report on Indian Hotels CompanyIndian Hotels Company (IHCL) delivered a strong performance in a seasonally weak quarter. Revenue grew ~21.7% y/y to ~Rs24.8bn (~6.3/5.1% ahead of ours/street estimates), led by ~25% y/y growth in domestic RevPAR to ~Rs10,275. Reported EBITDA gr…