Global brokerage Jefferies has raised its price target for Indian Hotels to ₹900 per share, reflecting a potential upside of 19.8% from the current market price of ₹751.50. The firm has maintained its “Buy” rating, citing confidence in the company’s growth strategy and delivery on past guidance.
Indian Hotels’ management has set ambitious goals, aiming to achieve consistent growth through FY30. The company plans to open an average of one hotel per week over the next six years, signaling aggressive expansion in its portfolio.
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