Jefferies maintains a Buy rating on Indian Hotels Company Limited (IHCL) with a revised target price of ₹1,000, implying a 20% upside from the current market price of ₹833.75.
Key Highlights:
- Double-digit growth potential in the consumer/discretionary segment supports premium valuations, particularly in a cyclical business.
- Anticipates double-digit EBITDA and PAT CAGR over the medium term, reflecting strong operational performance.
- IHCL’s proven track record of achieving previous targets instills confidence in meeting its updated goals.
- Positioned to benefit from industry tailwinds, including cyclical recovery, market share expansion, rate premium, and growth in management fee income.
Jefferies is optimistic about IHCL leveraging favorable market conditions and sustaining robust growth in the hospitality sector.
Disclaimer: This content is for informational purposes only. Please consult your financial advisor before making investment decisions.
