Bullish for INDHOTEL: Nomura Maintains Buy, Sees 30% Upside Despite Trim

Nomura has reiterated its 'Buy' rating on Indian Hotels Company Ltd. (INDHOTEL), although it has marginally reduced its target price to Rs 800. The brokerage anticipates only a limited impact on the company's Q4 FY26 results, with conditions expected to normalize within the next few months.

This news is significant for the Indian hospitality sector as it signals continued analyst confidence in the recovery and growth trajectory of a major player like INDHOTEL. Despite a slight target price adjustment, the maintained 'Buy' rating and substantial upside projection suggest that the underlying business fundamentals are strong and short-term headwinds are considered temporary.

The positive outlook from Nomura is bullish for Indian Hotels Company Ltd. (INDHOTEL), potentially attracting investor interest and supporting its stock price. This sentiment could also spill over to other hospitality stocks like EIH Ltd. (EIHOTEL) and Chalet Hotels (CHALET), as it indicates a broader positive trend for the sector.

Traders should monitor INDHOTEL's Q4 FY26 earnings report for confirmation of the 'limited impact' assessment. Also, keep an eye on broader tourism trends and consumer spending data, as these will be key drivers for the hospitality sector's sustained recovery and growth in the coming quarters.

• •Nomura maintains a 'Buy' rating on Indian Hotels Company Ltd.
• •Target price trimmed slightly to Rs 800.
• •Still sees nearly 30% upside from current levels.
• •Anticipates limited impact in Q4 FY26.
• •Expects conditions to normalize over the next two to three months.
• •Outlook supports a positive medium-term view on the company.