Chalet Hotels shares moved over 3% higher after Jefferies reiterated its Buy rating on the company and maintained a target price of ₹1,070. The market reacted positively to the reaffirmation, which followed the company’s recent analyst meet. As of 9:37 AM, the shares were trading 2.83% higher at Rs 904.85.
As per Jefferies, the management highlighted its continued focus on metro markets and reiterated its strength in institutional partnerships, mixed-use development, and leadership within the hospitality sector. The company noted that its strategy remains centered on large “Big Box” city assets along with a selective presence in leisure properties. This approach is supported by a measured expansion into commercial real estate, which the management views as complementary to its core hotel portfolio.
Chalet also emphasised that it will continue balancing brand tie-ups with a selective rollout of its ATHIVA offering, maintaining flexibility while strengthening its market presence. On the financial front, the management stated that its net debt-to-EBITDA position is comfortable and provides adequate room for growth. It added that opportunities for expansion remain strong, supported by the company’s strategic pipeline and operating approach.
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