The Tata Group’s portfolio has a large number of shares, about which analysts are optimistic. Similar ownership in Indian Hotels Company Limited (IHCL) is held by Tata. Broker Sharekhan has a favorable outlook for this company. Analysts predict that the share might reach Rs 679. Additionally, professionals have suggested purchasing the stock.
What brokers are telling us?
The nation’s hotel sector is doing quite well right now. The rise of new tourist industries, the growing demand from domestic travelers, and India’s enhanced standing in the world of travel all contribute to the demand for hotels and rooms. It is anticipated that Indian hotels will meet this need first.
We would like to inform you that on Thursday, the shares of Indian Hotels Company closed at Rs 593.70. From the previous day, the stock increased by 1.76%. On April 4, 2024, the share price was Rs 622.25. This represents the stock’s 52-week high. The share was trading at a 52-week low of Rs 326.55 in April of last year.
According to Motilal Oswal, another brokerage, the company experienced strong demand in January 2024. The management anticipates double-digit revenue growth in FY25 and a strong showing in the March quarter.
According to TCP, Indian Hotel Share Price Target will be around Rs 700 for next coming months
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