Business »  Topic »  Revise IHCL target price to Rs 139, Lemon Tree’s to Rs 53

Revise IHCL target price to Rs 139, Lemon Tree’s to Rs 53


There seems to be no respite for the sector as Covid-19 triggered travel ban on foreign tourist arrivals till April 15 and massive lockdowns has exacted a heavy toll on the industry. While demand dip was factored in, critically, solvency of players is now under the cloud given the high debt in the industry. Our analysis of IHCL and Lemon Tree indicates that the former is in a comfortable position given limited refinancing needs and also promoter backing. Lemon Tree, on the other hand, needs further debt funding in addition to refinancing its FY21E repayments, unless is delays its biggest ...


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