Indian Hotels Company dips, analysts bullish post robust quarterly results
BUZZ-Indian Hotels Company dips, analysts bullish post robust quarterly results ** Taj Hotels operator Indian Hotels Company's IHTL.NS shares fall 1% to 724.15 rupees
** Stock has declined about 3% over five sessions; Reuters was not able to establish reason for fall
** Quarterly ops revenue rises 14.6% YoY; Net profit jumps 20.8%
** Jefferies says co delivered standout qtr despite Iran war impact
** "Expect domestic tourism tailwinds to persist, aided by shift from international travel, and raise FY27 RevPAR growth to 10% and EBITDA/PAT by 2-3%" - Jefferies
** Dolat Capital says IHCL has strong inventory pipeline, favourable industry trends, diversified brand portfolio and business mix, value-accretive acquisitions and healthy balance sheet
** 24 of 29 brokerages rate stock "buy" or higher; median PT 829.5 rupees - LSEG-compiled data
** YTD, IHTL down 1.4% vs 6% decline in Nifty 100 Index .NIFTY100
(Reporting by Abhinav Parmar in Bengaluru)
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