Global brokerage firm Jefferies continues to be bullish on the travel and tourism sector, maintaining a ‘Buy’ rating for all the stocks under its coverage.
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The foreign brokerage’s stock preference order is Interglobe Aviation Ltd. at the top, followed by Indian Hotels Company Ltd., GMR Airports Ltd., and TBO Tek Ltd.
Jefferies has set target prices of ₹5,260 for IndiGo, ₹1,000 for Indian Hotels Co, ₹77 for GMR Airports, and ₹1,743 for TBO Tek, reflecting its confidence in the growth prospects of these companies within the sector.
According to Jefferies, demand in India—both domestic and outbound—remains strong, even after the normalisation of post-Covid growth.
Industry pricing across segments…
