Advani Hotels Expresses Concern Over Inaccurate Financial Reporting by MarketsMojo

Advani Hotels Expresses Concern Over Inaccurate Financial Reporting by MarketsMojo​

Advani Hotels & Resorts (India) Limited, a company listed on the BSE and NSE, has raised serious concerns regarding the systematic dissemination of factually incorrect and misleading financial data by InfinHub Market Technologies FZ-LLC through its website, www.marketsmojo.com. The company alleges that InfinHub's research reports, which qualify as such under relevant regulations, frequently contain errors related to the hotel chain's performance and financial metrics.

The complaint highlights that marketsmojo publishes investment recommendations and analysis on Indian securities without proper disclosure or registration, often utilizing data that is contextually irrelevant.

Timeline of Financial Misrepresentation​

Advani Hotels reported specific instances of inaccurate reporting over a period spanning from 2025 to June 2026:

• November 8, 2025: A lengthy negative article regarding the company was published on MarketsMojo following the conclusion of the Board meeting.
• November 12, 2025: Two articles were released. These publications compared the company's Q2 2025 performance against annual performance and also looked back 15 to 17 years (specifically 2008 and 2010). The company noted that these earlier periods—when they held a stake in Advani Pleasure Cruise Company Private Limited and operated the Airport Plaza flight kitchen—were materially different from the current business structure.
• November 19, 2025: A meeting was held with InfinHub's Chief Investment Officer. During this meeting, company management pointed out discrepancies to Mr. Sunil Damania. InfinHub initially stated that the content had been generated by AI and explained its valuation methodology.
• November 20, 2025: Following the confrontation of discrepancies, InfinHub removed one article and corrected erroneous information regarding the dividend payout ratio.

Recent Reporting Errors (May/June 2026)​

Despite prior corrections, the pattern of publishing incorrect data continued. In a May 2026 article on MarketsMojo, the company was assigned a low score of 26 points out of 100, accompanied by a "strong sell" recommendation.

Specific inaccuracies identified in the May 26, 2026 publication include:

• Dividend Payout Ratio: The report stated a ratio of 133.34%. Advani Hotels noted that the actual dividend payout ratio is 66%, indicating a repeated pattern of negligence.
• Interest Coverage Ratio: The report cited an interest coverage ratio of 27.15x, which the company found to be wholly inaccurate and misleading, given its minimal short-term borrowings and negligible interest expense.

The company communicated these inaccuracies to InfinHub via Adfactors on June 8, 2026, but the incorrect information remained accessible on MarketsMojo.

Inconsistent Rating Recommendations​

Advani Hotels also pointed out the inconsistent investment recommendations issued by MarketsMojo in short time intervals:

• On May 26, 2026, at 8:00 AM IST, MarketsMojo published a "Good" rating for the company, which was changed to "Hold" merely 45 minutes later at 8:45 AM IST.
• Subsequent ratings issued were also volatile: an 'Attractive' rating on June 2, 2026, followed by a 'Sell' rating on June 4, 2026.

Advani Hotels stated that this conduct reflects a recurring pattern of disseminating false and misleading information in the public domain, irrespective of whether the content was produced manually or through AI platforms.

ADVANIHOTR Stock Price Movement​

Shares of Advani Hotels & Resorts are edging higher to ₹52.70 as of 2:56 PM today, reflecting a solid gain of 0.25%. The stock is currently trading within its intraday range, testing the lower bound at ₹52.00 and maintaining strength below the day high of ₹53.17.