Elara Capital Predicts 26% Rise for Juniper Hotels Stock After Strong Q4 Results

Elara Capital, a domestic brokerage firm, has reaffirmed its “Buy” recommendation for Juniper Hotels following its impressive Q4 results (Q4FY24). They have set a target price of ₹545, expecting the stock to rise by 26%.

Juniper Hotels is expanding by building large hotels in high-demand areas and modernizing existing ones with new ballrooms, restaurants, and refurbishments. Elara Capital is optimistic about the company’s growth, particularly in its luxury portfolio.


Key Points:

  • Juniper Hotels reported a 26% increase in revenue to ₹250 crore, mainly due to an 8% rise in average room rate (ARR) to ₹11,110 and a 2% increase in occupancy to 80%.
  • The luxury portfolio saw a 19% increase in revenue per available room (RevPAR), while the upper upscale segment had a 7% RevPAR boost due to a 3% rise in occupancy.
  • Elara Capital expects Juniper Hotels to add 10% more rooms annually from FY24 to FY28, driven by both organic and inorganic growth. The average room rate (ARR) is also expected to grow in the high single digits during this period.

Juniper Hotels Share Price:

  • Today, Juniper Hotels’ stock closed 5% lower at ₹424.55 on the BSE.
  • Dr. Ravi Singh of Religare Broking Ltd advises buying on dips to ₹430, with a potential upside to ₹460, and suggests a stop loss at ₹425 for current positions.

Since its stock market debut on February 28, Juniper Hotels’ share price has increased by over 20%. The shares opened at ₹365 on the NSE and ₹361.20 on the BSE, slightly above the issue price of ₹360.

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