Indian Hotel, part of the hotels and resort space, could well surpass October 2022 highs and create history in the next 6-12 months on additions in the hotel portfolio, the revival of the tourism industry, and pricing power.
The stock hit a fresh record high of Rs 348 on 6 October 2022 but failed to hold on to the momentum. It bounced back after creating a base above Rs 300 levels.
Long-term investors can look to buy the stock now for a target of Rs 384, Anmol Das, Head of Research, TejiMandi…