lemon tree

Time to check into some hotel stocks! Lemon Tree could give 18% return

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Time to check into some hotel stocks! Lemon Tree could give 18% return

The hospitality industry has witnessed a strong recovery as the travel recovery bodes well for the sector. The hotel companies reported higher flow through (incremental EBITDA to incremental revenue) in 1QFY23 v/s 1QFY20. While domestic demand is seeing a strong recovery, international travel is lagging. With the pick-up in foreign inbound travellers in 3Q and … Read more

Credit Suisse initiates coverage on Delhivery with ‘outperform’; CLSA bullish on Lemon Tree

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Credit Suisse initiates coverage on Delhivery with ‘outperform’; CLSA bullish on Lemon Tree

Credit Suisse (CS) has initiated coverage on Delhivery with an ‘outperform’ rating due to favourable industry structure and structural growth in e-commerce volumes. The same brokerage has maintained its ‘underperform’ rating on . CLSA said LemonTree is a ‘buy’ while Nomura India has a similar recommendation for (). In the case of Delhivery, Credit Suisse … Read more