Indian Hotels rises on Morgan Stanley upgrade
Indian Hotels climbed about 2% to 745.85 rupees after Morgan Stanley upgraded the stock to "overweight" from "equal-weight" and raised its price target. The brokerage cited strong revenue-per-available-room trends and expects mid-teen revenue growth and margin expansion over FY26-FY29.
85 rupees after Morgan Stanley upgraded the stock to "overweight" from "equal-weight" and lifted its target price to 866 rupees from 793 rupees. The brokerage said strong revenue-per-available-room trends indicate the industry's higher-for-longer demand cycle remains intact. It expects mid-teen revenue growth, margin expansion and improving return on capital over FY26-FY29, helped by asset-light expansion and recovery in air travel. LSEG compiled data show the average rating from 30 analysts on the stock is "buy", while the median target price is 840 rupees.
6% year to date.