Nomura Initiates 'Buy' on Indian Hotels, ITC Hotels; Shares Surge
Business
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Moneycontrol•14-01-2026, 11:25
Nomura Initiates 'Buy' on Indian Hotels, ITC Hotels; Shares Surge
- •Nomura has initiated coverage on Indian Hotels Company Limited (IHCL) and ITC Hotels with a 'buy' rating, leading to a surge in their share prices.
- •Indian Hotels is trading at ₹684.70 with a 0.91% gain, while ITC Hotels is up 0.26% at ₹193.00.
- •Nomura set a target price of ₹230 for ITC Hotels, citing stable Average Room Rates (ARR), improved occupancy, and a managed keys strategy.
- •For Indian Hotels, Nomura set a target price of ₹830, expecting strong supply, low dollar ADR base, and an asset-light approach to drive growth.
- •Analysts have a largely bullish outlook: all 11 analysts rate ITC Hotels a 'buy', and 19 out of 27 rate Indian Hotels a 'buy'.
Why It Matters: Nomura's 'buy' ratings on Indian Hotels and ITC Hotels have boosted investor confidence and share prices.
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