Indian Hotels rises as Nomura notes attractive valuations after correction

Indian Hotels

18/03/2026 05:52

** Indian Hotels IHTL.NS rises as much as 3.2% to two-week high of 641.90 rupees

** Nomura reiterates "buy", cuts PT to 800 rupees from 830 rupees, citing attractive valuations, reasonable CAGR profitability despite headwinds

** Taj hotel operator has corrected about 21% in past 6 months, Nomura says

** Expects limited impact on IHTL Q4 results from volatility due to MidEast war; Q4 EBITDA growth of 11% YoY, average daily rate up 4% QoQ/8% YoY

** Forecasts mid-high single-digit revenue per available room growth with flat occupancy YoY

** Stock rated "buy" on average by 27 analysts; median PT at 832.50 rupees - data compiled by LSEG

** YTD, IHTL down about 14%

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))