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Indian Hotels Company Limited (IHCL) has launched its ‘Accelerate 2030’ strategy, aiming to double revenues to Rs. 1,500 crore by 2030. The plan includes an 8% CAGR in like-for-like RevPar, a 15% CAGR in management income, and a target to improve RoCE to 20%. Sharekhan maintains a Buy rating with a revised target price of Rs. 910.
Indian Hotels' stock reached an all-time high, buoyed by Jefferies' 'buy' rating and a price target of Rs 900, suggesting a nearly 20% upside from its last close of Rs 754. The shares have surged 75% year-to-date, with management targeting the opening of one new hotel weekly until FY30 to sustain growth.
Sudeep Shah, Head of Technical and Derivative Research at SBI Securities, is bullish on Indian Hotels Company and Zomato, noting both stocks are above key moving averages. Indian Hotels is near all-time highs, while Zomato has rebounded strongly above its 20 and 50-day EMA levels. Shah warns that a sustained move below the BSE Sensex's 200-day EMA zone could trigger a sharp correction in the index.
Indian Hotels Co. Ltd., the parent firm of luxury brand Taj Hotels, plans to expand its portfolio by adding 120 properties over the next few years to capitalize on the growing demand for travel and weddings. This includes 11 hotels set to open this year, 30 next year, and 35 in the following year, with the first property in Frankfurt scheduled for next year, according to Managing Director Puneet Chhatwal.
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