Mahindra Holidays Resorts India - Value Pick :Anand Rathi

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  Mahindra Holidays Resorts India                         Closing 307                                                                                                                             Target   465

Investment Arguments

~ Diverse Product portfolio

~ Capex and expansion plans on track

~ Improving operating matrix slowly and gradually – Q3 results

~ Improving Industry Outlook

~ Attractive Valuations

  

~Valuation

With a unique revenue model, capex and expansion plans on track and member additions with lower cancellations shows a better outlook for the company. Currently the stock is trading close to lowest PE from its listing. We see a price target of Rs.465 for next 24 months.