Buy Ventive Hospitality; target of Rs 610: Choice Institutional Equities

Choice Institutional Equities's report on Ventive HospitalityThe Maldives portfolio delivered a strong growth, with revenue up 20% YoY to INR 2,134 Mn and EBITDA up 22% YoY to INR 302 Mn, as occupancy improved 3 pp YoY to 57% and TRevPAR rose 20% YoY to INR 45,040. However, margin remained subdued…