Indian Hotels rises; Morgan Stanley upgrades to 'overweight'

Indian Hotels

21/09/2026 04:59

** Indian Hotels climbs about 2% to 745.85 rupees
** Morgan Stanley upgrades stock to "overweight" from "equal-weight", raises PT to 866 rupees from 793 rupees
** Brokerage says strong revenue-per-available-room trends signal that the industry's higher-for-longer demand cycle remains intact
** Expects mid-teen revenue growth, margin expansion and improving return on capital over FY26-FY29, aided by asset-light expansion and recovery in air travel
** Avg rating of 30 analysts on stock at "buy"; median PT is 840 rupees - LSEG compiled data
** YTD, stock up 0.6%


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))