Jefferies has reiterated its buy rating on Indian Hotels Company Ltd (IHCL) with a target price of ₹935, stating that the company’s recent mergers, acquisitions and partnerships are enhancing its long-term growth framework. The brokerage noted that over the past year, IHCL has focused on capability-led transactions that complement its rapid nationwide expansion.
According to Jefferies, the Atmantan acquisition strengthens IHCL’s presence in wellness hospitality, while the Tree of Life deal expands its portfolio of experiential resorts. Additionally, tie-ups with Clarks and ANK Hotels bolster the company’s mid-market platform. While the immediate share-price impact of these moves may be modest, the brokerage believes these initiatives aim to diversify revenue streams, improve cross-selling potential, and build a cycle-resilient business mix without stressing the balance sheet. Jefferies also highlighted earlier initiatives like catering, AMA, Qmin and Ginger as building blocks of IHCL’s broader strategic reinforcement.
Disclaimer: The views above are those of Jefferies. Business Upturn does not endorse them. Please consult a financial advisor before making investment decisions.
