Shares of Indian Hotels Company Ltd gained momentum today, rising nearly 2% in early trade to ₹767.95. This surge comes after global brokerage Jefferies raised its price target for the company to ₹900, reflecting a potential upside of 19.8% from the current market price of ₹751.50.
Jefferies has maintained its “Buy” rating, expressing confidence in Indian Hotels’ robust growth strategy and its track record of delivering on past guidance. This move indicates strong investor sentiment toward the company, which has consistently outperformed in the hospitality sector.
The stock remains a key focus for investors looking at long-term growth in the Indian hospitality industry.
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