Juniper Hotels, India’s largest owner of Hyatt properties, saw its shares jump 4% after CLSA initiated coverage with a ‘Buy’ rating and a target price of ₹430 per share.
The stock, which opened at ₹395, reached a high of ₹398, staying close to its 52-week low of ₹306, but still well below its 52-week high of ₹538.25.
CLSA’s positive outlook is driven by Juniper’s strategic position to benefit from a cyclical uptrend in the hospitality sector. The brokerage projects a 16% EBITDA CAGR over FY25-27, fueled by strong demand growth, improving occupancies, and rising room rates at key properties like the Grand Hyatt Mumbai. Juniper’s dominance in the luxury hospitality space, with high barriers to entry, positions it as a prime beneficiary of India’s expanding tourism sector.
As of 9:38 am, Juniper Hotels shares were trading 4.97% higher at Rs 389.70 on the NSE.
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