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.
ITC Hotels had about 187.5 million shares change hands in seven block trades on NSE, according to data compiled by Bloomberg. The buyers and sellers of the transactions were not known
BAT plans to divest up to 15.3% stake in ITC Hotels, calling the holding non-strategic; proceeds from the block trade will support its target leverage corridor by 2026
Q2FY26 company results: Many firms including 3p Land Holdings, Covance Softsol, Pace Digitek and Samsrita Labs are also to release their July-September quarter earnings reports today
Aditya Birla Sun Life AMC, SBI Life Insurance Company, SBI Cards and Payment Services, India Radiators, and Sigachi Industries will also release their September quarter earnings reports today