Top pick: Despite negative YTD return, Jefferies India says buy this hotel stock for 15% upside; Target price, rationale
Jefferies India recommended buying Chalet Hotels shares, setting a target price of ₹965, reflecting a 15% upside from the current price of ₹834.90. Despite a 7% year-to-date decline, Jefferies cites strong growth visibility over the next five years, driven by a robust development pipeline and strategic expansions. Investors should watch for further developments in the hospitality sector.