EIH Ltd.

NSE: EIHOTEL | BSE: 500840 | ISIN: INE230A01023 | Industry: Hotels
| Mid-range Performer

393.25
7.55%
ICICI Securities Limited
Despite short-term setback, growth momentum to stay Q4FY19 was a challenging quarter for the hospitality industry as a whole led by the grounding of a major airline. This led to a financial setback and also impacted the business growth momentum. As seen in Q4FY19, EIH has taken a hit on its P&L; relating to receivables of its airline catering business from a single customer to the tune of ~| 85 crore. We believe this would have been further aggravated by lower revenues from that segment. Additionally, due to the grounding of the airline company, air fares had shot...
EIH Ltd. average weekly volume is high.
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