Mahindra Holidays will be among the major beneficiaries of the economy opening up, says market expert Ambareesh Baliga. He is seeing a gradual revival in the travel and tourism space as restrictions in most states ease.

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“Club Mahindra builds resorts with the customers money, they charge the annual fee to maintain the property whether you use it or not. So the asset is free of cost, plus you have annuity income,” he said.

With the revenue normalising by FY22 Baliga expects a target of about Rs 280 for Mahindra Holidays.

According to Baliga, Vedanta is a good buy at these levels.

“At these levels, Vedanta looks extremely cheap, although it could remain at these levels for a while because the way the markets are, but I will still stick to my target which I had given earlier of about Rs 160-175 and that should be achievable which I was expecting soon because of buyback but now I think it will take about 6-8 months more,” he said.

First Published:Oct 15, 2020 4:57 PM IST