Jefferies recommends hotel stock for 15% upside despite negative YTD

Jefferies India maintains a buy rating on INDHOTEL despite its negative year-to-date performance. The firm forecasts 15% upside based on improving occupancy and premiumization trends. Target price set at ₹420 reflects strong recovery in corporate and leisure travel. Outlook supported by brand positioning and asset-light expansion.

📊 STOCKS: $INDHOTEL | 🏢 SECTOR: CapitalMarkets | #MEDIUMIMPACT #BrokerCall