Indian Hotels jumps 2% as MS doubles target price

As per The Economic Times, shares of Indian Hotels surged 2% on June 16, 2016 after foreign brokerage Morgan Stanley upgraded the stock to overweight from underweight earlier, expecting a comeback of pricing power for hoteliers.

The brokerage almost doubled the target price for the stock to Rs 160 from Rs 83 earlier. Following the development, the stock jumped 3.61% to hit a high of Rs 132, before ending the day at Rs 130.25, up 2.24%

The above is an extract of the original article available at: www.hospitalitybizindia.com

 

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About RezNext

RezNext is the world’s only true Real-Time Distribution Management Solution provider. It empowers hotels to adopt a distribution strategy that simplifies the complex global distribution environment and makes it understandable and manageable. It is integrated with revenue management, operating intelligence and powered with reputation management insights. RezNext’s portfolio of offerings include Rate & Channel Manager, Revenue Management, Online Reputation Management, Website Designing and Web Booking Engine, Mobile solutions, Central Reservation System, Business Intelligence, Property Management System (PMS) two-way connect, GDS and OTA Interface and Loyalty & Feedback Management. Our growing range of solutions can be access by hospitality properties across market segment and size, such as independent hotels, chain hotels, business hotels, resorts, clubs, service and limited service apartments, spas, restaurants and others.
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