Hotel Stocks News
ITC Hotels share price zooms 11% to hit 52-week high on buoyant volumes, stock up 21% in one month: Time to buy?
ITC Hotels share price: The hotel stock has risen 15 per cent in the last five sessions, in line with bulls gripping Nifty 50 and Sensex. The benchmarks zoomed over four per cent, logging their biggest weekly rise in four years.
6 min read22 Mar 2025This Tata Group stock jumps 29% in 2025 YTD despite stock market crash, trumps gold price rise
Benares Hotels shares have surged 29% YTD despite the ongoing stock market correction, and reported a significant profit increase in Q3FY25, positioning it favourably for future expansion in the Indian hospitality sector.
3 min read18 Feb 2025ITC Hotels set for growth: Jefferies initiates with ‘buy’, sets target at ₹240, a potential upside of 40%
Jefferies has initiated coverage on ITC Hotels with a ’Buy’ rating and a target price of ₹240, anticipating a 40% upside. The hotel chain is expected to benefit from a recovery in the hospitality sector, with projected revenue growth driven by strategic management and expansion plans.
4 min read12 Feb 2025Budget 2025: ITDC, Lemon Tree, other stocks spike up to 8% as FM announces plans to develop top 50 tourism sites
Shares of ITDC, ITC Hotels, and Lemon Tree rose by up to 8% on February 1, following the Finance Minister’s announcement of measures to enhance the tourism sector in the Budget speech.
1 min read1 Feb 2025Two days after public debut, ITC Hotels shrugs off listing volatility
After a turbulent listing, ITC Hotels wins back investor confidence as shares surge over 1%. Does a solid balance sheet, strategic expansion plans, and a luxury-driven portfolio promise long-term success?
5 min read30 Jan 2025Three hotel stocks riding Santa’s wave: Is more cheer coming in 2025?
Amid choppiness in the broader market, the hotel sector appears set for a festive boost. These three stocks stand out.
4 min read19 Dec 2024Hotel sector gears up for growth with ₹8,000-crore IPO pipeline and ITC demerger: Jefferies
The hotel sector may see new IPOs from Schloss Bangalore, Ventive Hospitality, and Brigade Hotels, expected to raise ₹8000 crore, according to Jefferies. Robust travel demand continues, but profitability challenges and high leverage pose risks to sustained growth in the hospitality industry.
3 min read12 Dec 2024Nirmal Bang initiates coverage on hotel sector with 2 ‘buy’ and 2 ‘accumulate’ calls; check list here
In a recent note, brokerage house Nirmal Bang initiated coverage on the Indian hospitality sector with a positive view. Nirmal Bang has a Buy rating on Indian Hotels and Chalet Hotels, and an Accumulate rating on EIH and Lemon Tree Hotels.
4 min read30 Jul 2024Kotak remains positive about hotel stocks, raises target price of IHCL, Chalet, Lemon Tree, Samhi Hotels; here’s why
Favourable demand-supply dynamics and increasing average room rates (ARR) in India’s hospitality industry have led Kotak Institutional Equities to revise upward the sector’s FY25E EBITDA. The brokerage firm raised fair values of Indian Hotels Company, Chalet Hotels, Lemon Tree, and Samhi Hotels.
2 min read18 Apr 2024Hotel industry market cap tripled since 2019; Jefferies sees momentum continuing in 2024
Hotel industry market cap has more than tripled since 2019 on strong earnings momentum & surprises, valuation re-rating on the back of the domestic travel theme, and 3 recent new listings, said Jefferies in a recent report. It sees earnings momentum remaining strong this year.
4 min read19 Mar 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared