Indian Hotels Company Share: If you are looking for a better stock to invest in the new year 2025, then you can keep an eye on Tata Group company Indian Hotels Company Limited (IHCL). Actually, brokerage firms seem bullish on this stock. Shares of IHCL have fallen by 2.01 percent on Friday and the stock closed at Rs 805.75 on BSE. With this decline, the market cap of the company has come down to Rs 1.14 lakh crore. The stock’s 52-week high is Rs 894.15 and 52-week low is Rs 450.55.
Indian Hotels has announced that its board meeting will be held on January 17, in which results for the December quarter and nine months will be announced. This stock has given a strong return of 75 percent in the last one year.
Brokerage opinion on Indian Hotels Company
Leading brokerage firm Jefferies has increased its target price for IHCL shares by Rs 100. Jefferies said travel demand in India remains healthy, so IHCL is his favorite stock in the sector. It is an Indian hospitality company. The famous Taj Hotels chain is owned by this Tata Group company.
According to Jefferies, Indian Hotels’ continued double growth in a cyclical business (proxy consumer/discretionary segment) will support premium valuations. The brokerage expects Indian Hotels to register double digit EBITDA and PAT CAGR in the medium term. Jefferies said Indian hotels’ track record of meeting past targets provides confidence in achieving the new target.
Target price of Indian Hotels Company
Jefferies has maintained the Buy rating on the shares of Tata Company Indian Hotels and has set a target price of Rs 1000, whereas earlier the target was fixed at Rs 900. According to the current price, there is a possibility of a rise of 24 percent in the company’s shares. The brokerage further said that Indian hotels will benefit from favorable industry conditions (cyclical uptrend), market share expansion as well as growth in rate premium and management fee income.
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