Top pick: Despite negative YTD return, Jefferies India says buy this hotel stock for 15% upside; Target price, rationale
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Jefferies India gave a buy tag to Chalet Hotels with a target price of ₹965.
- ✓Despite a 7% fall in YTD returns, the brokerage expects a 15% upside.
- ✓They said, "Key takeaways include visibility on strong growth over the next 5 yrs, driven by its existing pipeline and potential M&A."
Story at a Glance
- Category
- MARKET
- Reported By
- mint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Jefferies India stock recommendations: the brokerage has given a target price of ₹965, up 15% against the current market price despite 7% correction in YTD
Jefferies India stock recommendations: Chalet Hotels shares are among the beaten-down stocks in the Indian stock market. In YTD time, Chalet Hotels' share price has delivered a negative return, correcting by over 7%. Despite this, Jefferies' Indian report has given a 'buy' tag to the hotel stock, with a Chalet Hotels share price target of ₹965. Chalet Hotels' share price today is ₹834.90 per share on the NSE. So, the global brokerage is expecting around 15% upside in the Chalet Hotels shares.
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