Nomura trims target price on this Tata Group stock, still sees nearly 30% upside. Do you hold?

Brokerage Nomura maintains a Buy rating on Indian Hotels Company Ltd. The target price is now Rs 800, a slight reduction. Nomura anticipates a limited impact in the fourth quarter of fiscal year 2026. Conditions are expected to normalize over the next two to three months. This outlook supports a positive medium-term view on the company.