ITC Hotels share price target: ICICI Direct Research has maintained its 'Buy' rating on ITC Hotels stock after Q4 results and revised target price to ₹220, citing attractive valuations.
Hotel stocks: Analysts said that domestic travel has remained strong, supported by hotels reporting solid bookings in advance and a consistent rise in their RevPAR.
India's hospitality sector is set for long-term expansion as strong domestic tourism, rising incomes and premiumisation trends drive hotel chains to add over 70,000 keys by 2030
ICICI Securities has maintained 'Buy' ratings on major listed players - Indian Hotels, ITC Hotels, Leela Palaces Hotels & Resorts, Lemon Tree Hotels, and Chalet Hotels
In February, Lemon Tree Hotels shares plunged 16 per cent, Chalet Hotels tanked 14 per cent, Indian Hotels Company (IHCL) slipped 5 per cent and ITC Hotels fell 8 per cent
ITC Hotels share price target: ITC Hotels shares jumped 5 per cent on heavy volumes in Monday's trade. An analyst has said that ITC Hotels shares could rally up to ₹230-240 in the recent pullback
In Q3, ITC Hotels reported a 9.4 per cent increase in its consolidated net profit to ₹235.13 crore, as compared to ₹214.9 crore. On a quarter-on-quarter (Q-o-Q) basis, net profit jumped 77 per cent
ITC Hotels reported a 9.4% rise in Q3FY26 net profit to ₹235.13 crore, despite a one-time ₹52.53 crore cost from new Labour Codes. Revenue grew 21.9% year-on-year to ₹1,224.27 crore
Q3FY26 company results: Firms including SRF, Persistent Systems, Gujarat Gas, IndiaMART InterMESH, and AU Small Finance Bank are also to release their October-December earnings reports today
The brokerage expects robust margin improvement, strong cash generation and healthy growth in the company's managed hotels pipeline to drive earnings over the medium term.
EIH stock has witnessed the formation of 'Death Cross'. ITC Hotels, EIH Associated Hotels, Taj GVK and Mahindra Holidays have also seen the similar bearish formation in the recent past.
