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Juniper Hotels extends two-session rally as brokerages turn bullish
Analyst coverage points to plans to expand room count to over 3,900 keys by FY31, supported by a capex roadmap of more than ₹1,900 crore.
Juniper Hotels shares extended their uptrend for a second straight session, rising from about ₹192.1 to around ₹199.7 on the NSE, as brokerages increased their bullish stance after the company’s analyst meet in Mumbai, LiveMint Markets reports.
Elara Capital set a long term target price of ₹365, while Axis Capital reiterated a BUY rating and lifted its target to ₹330 from ₹322, citing what it called an attractive 10x 1YF EV/EBITDA valuation and a potential rerating catalyst tied to commissioning of BEN Phase 1 in October.
Brokerages outlined a growth plan that includes nearly doubling the company’s room count to more than 3,900 keys by FY31, backed by a capex roadmap of over ₹1,900 crore expected to be largely self funded through internal accruals, with management targeting EBITDA of roughly ₹1,000 crore by FY31 and operating margins in the 40% plus range.
The coverage also pointed to expansion opportunities, including advanced stage discussions to acquire three brownfield assets totaling about 600 keys and additional projects around properties such as Grand Hyatt Mumbai, as well as other latent growth opportunities within Juniper’s existing footprint.