Juniper Hotel upcoming expansion positives and Negatives

Does stock fall in these catagories?: Future Multibagger: The company plans to scale from 1,900 to 3,300 keys by 2030, which could drive revenue to ₹1,600-1,700 crore with a projected 40% EBITDA margin. High Growth Capacity Expansion: Clear roadmap to add rooms and increase revenue per key, with capital allocation planned for new acquisitions without excessive debt reliance. Strong Cash Flow: Despite high depreciation from new assets, the operational cash flow remains robust due to high occupancy rates 81% and rising room rents. Undervalued Stock: Trading at a potential forward P/E of 9x based on projected future earnings, significantly lower than typical growth multiples. Strong Management/Institutional Support: Strong promoter holding and steady support from mutual funds quant, Aditya Birla, ICICI Prudential suggests "smart money" conviction, despite some exit by other funds. Key Risks Discussed: Sector Stagnation: The entire hotel sector has been underperforming/stagnant for the last 1.5–2 years, which could delay price recovery regardless of company performance. Valuation/Price Risk: If the stock market drags the stock price further down due to sector-wide sentiment, investors may face unrealized losses. Operational Execution: Scaling from 1,900 to 3,300 keys requires perfect execution in property acquisition and maintenance of high occupancy rates. Increased Depreciation: Heavy capacity expansion will lead to higher depreciation, which may impact reported net profits, even if cash flow remains healthy.