Mahindra Holidays Resorts India: Target Rs. 465

Mahindra Holidays Resorts India:  Target Rs.  465

Investment Arguments

 ^  Diverse Product portfolio
^  Capex and expansion plans on track
^  Improving operating matrix slowly and gradually – Q3 results
^  Improving Industry Outlook
^  Attractive Valuations

 Valuation

With a unique revenue model, capex and expansion plans on track and member additions with lower cancellations shows a better outlook for the company. Currently the stock is trading close to lowest PE from its listing. We see a price target of Rs.465 for next 24 months.

Review by  Anand Rathi

Anadrathi, 4th Floor, Silver Metropolis, Jai Coach Compound,                                                                                                                                                 Opposite Bimbisar Nagar, Goregaon(East), Mumbai - 400 063. India
Tel No: + 4001 3700, Fax No: + 4001 3770, Website: www.rathi.com
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