Indian Hotels Company rises after co raises full-year revenue outlook

Indian Hotels

Today 06:42

** Shares of Indian Hotels CompanyIHTL.NS up 4.4% at 785.90 rupees — highest level in over a year
** Raises consolidated revenue growth outlook to 15% to 17% from 12% to 14% for FY27 helped by higher demand 
** Q2 net profit rose 22.5% to 3.49 billion rupees ($36.94 million), revenue up 21.7% to 24.84 billion rupees
** Asset management driving growth, value creation, with major property upgrades translating into stronger pricing power: Jefferies ("buy", raises TP to 900 rupees from 875 rupees)
** IHCL well-positioned for sustained growth led by robust inventory pipeline, diversified brand, value accretive acquisitions-led expansion: Dolat Capital ("accumulate", raises TP to 825 rupees from 805 rupees)
** 30 analysts on average rate the stock "buy", median TP of 870 rupees - LSEG-compiled data
** YTD, shares up 6.6% 

($1 = 94.4875 Indian rupees)

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))