FinanceRecent
Jefferies initiates coverage on Leela Hotels with Buy rating, sees 22% upside
Economic Times — Markets✓
Original Reporting
AI EXECUTIVE SUMMARY
Investment firm Jefferies has started covering Leela Hotels, assigning a Buy rating and a target price of Rs 675. The positive outlook is driven by India's growing demand for luxury travel, premiumisation trends, and the hotel chain's expansion strategy supported by Brookfield.
WHY IT MATTERS
This analyst coverage highlights investor confidence in the growth potential of India's luxury hospitality sector.
Jefferies initiated coverage on Leela Hotels with a Buy rating and a Rs 675 target, citing India’s premiumisation trend, rising luxury travel demand and the company’s owned-led expansion strategy. The brokerage expects strong revenue and earnings growth through FY29, supported by higher room rates, leisure exposure and Brookfield backing.
This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.