Meanwhile brokerages have recommended buying this Tata Group stock after its Q1 earnings for the financial year 2025.
Brokerage Jefferies has advised to buy on Indian hotels. Also, the target price per share has been increased from Rs 680 to Rs 690.
Another brokerage Morgan Stanley has given an 'overweight' opinion on Indian Hotels. The brokerage has given a target of Rs 595 per share.
"The first quarter results were mostly as per expectations. Growth is expected to increase in July due to sluggish demand, shift of wedding dates to the second quarter." according to Morgan Stanley.
On Monday, shares of Indian Hotels closed at Rs 621.3 each up 7.6 per cent on BSE.
This means the stock has an upside of up to 11 per cent from its today's closing price.
The views/suggestions/advice expressed here in this article are solely by the brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.