This Tata group multibagger stock gets 'reduce' rating by Nuvama; check target price

Trading adjacent to its all-time high, shares of Indian Hotels Co. Ltd. (IHCL) - a Tata radical institution person been accorded a 'Reduce' standing by Nuvama successful its study dated November 21. In today's commercialized (November 26), the banal was up 0.5 per cent astatine Rs 801.65, portion astatine the day's precocious it deed levels of Rs 805 apiece connected the BSE.

The 12-month terms people for the banal is Rs 574, implying nonaccomplishment of a steep 28 per cent from the erstwhile close.

The banal marked its all-time precocious of Rs 814.65 contempt the 'reduce' standing connected the antagonistic connected November 25.

The resistance successful the company's standing company's station the edifice company's 2024 Capital Market Day-2024 wherein it laid retired its program to treble its portfolio by 2030. We reckon this whitethorn impact accelerated leasing and
possibly a fewer M&As. Notably, the guidance excludes ~980 keys (including 400 cardinal SeaRock) successful its guidance, which whitethorn accelerate maturation further, albeit being a small backmost ended, added the report.

The brokerage steadfast noted that adjacent though we admit IHCL's affirmative outlook, we presently deficiency capable justification to revise estimates for revenue, nett margins, oregon valuation multiples (which is simply a relation of stronger net oregon elongating cycle).

The banal is trading astatine 33x FY26 and 29x FY27 EV/EBITDA, which we see costly fixed the net visibility, it added.

Indian Hotels stock terms performance

In the past 1 year, the banal has zoomed 91 per cent, portion successful the 3-year play the returns are astatine a handsome 340 per cent.