Indian Hotels stock soars as Jefferies raises price target to 900

IHCL shares have been on an upward trend, reaching an all-time high after receiving a 'buy' recommendation from Jefferies. Jefferies has set a price target of Rs 900, indicating a potential upside of nearly 20% from the last closing price of Rs 754 on the National Stock Exchange.

IHCL's stock has seen a significant increase of 75% since the beginning of the year, reflecting strong investor confidence. The company's management has outlined ambitious plans to sustain growth until FY30, with the goal of opening an average of one new hotel per week. This demonstrates the company's commitment to expanding its presence in the hospitality sector.

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