Nuvama initiated coverage on Royal Orchid Hotels citing its favorable demand-supply of rooms led by 7.8 per cent CAGR in travel and tourism over FY22–32E against a supply of 4.6 per cent.
While analysts are positive on PNC Infratech, HAL and Ahluwalia Contracts due to their strong order books, they like Sobha for strong pipeline and positive residential sales momentum in the Bengaluru housing market
Nomura is of the view that large order book and low leverage are positive catalysts adding that delivery of execution and strong cash flow track record place the company in a favourable position.