Buy Indian Hotels, target price Rs 950: Motilal Oswal Financial Services
Motilal Oswal maintains a buy call on Indian Hotels Company (IHCL) with a target price of Rs 950. The brokerage expects strong growth in the second half of FY25 and FY26, driven by rising room rates, corporate hikes, renovations, and operating leverage. IHCL reported a 27.64% YoY increase in total income and a net profit of Rs 573.
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