India's Chalet Hotels hits record high

EIH

29/12/2023 09:17

** Shares of Chalet Hotels  CHAL.NS  rise as much as 5.8% to
a record 718.2 rupees 
    ** Stock of Marriott, Westin and Four Points hotel chains
operator last up 4.3%
    ** More than 1.4 mln shares traded so far, 3.8X the 30-day
moving average and third-busiest session this month
    ** Mean rating of 12 analysts is "strong buy"; median PT is
660 rupees, about 7% lower than current price - LSEG data
    ** Stock on track for third straight year of gain
    ** Stock's roughly 2X climb in 2023 outpaces hotelier rivals
Indian Hotels Company's  IHTL.NS  36% and EIH Ltd's  EIHO.NS 
40% climbs

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))