Hotel Stock to Buy: Analysts pick this scrip for up to 48% potential return; target inside

Indian benchmark indices closed in green today, March 6 driven by strong global cues. Recovering from early losses, the Sensex closed at 74,340.1, up 0.83 per cent from previous close, while the Nifty 50 climbed 207.40 points to end at 22,544.70.

Asian Paints, NTPC, Reliance Industries, Tata Steel, Bajaj Finserv, Hindustan Unilever, Sun Pharmaceuticals, were among the major gainers while Tech Mahindra, Kotak Mahindra Bank, Zomato, Tata Motors, and IndusInd Bank were the laggards.

Meanwhile, the rupee settled with a gain of 25 paise at 87.13 against the US dollar on Thursday amid uncertainty over trade tariffs and persistent foreign fund outflows.

Hotel stock to buy

Brokerage Antique Stock Broking has suggested buying Chalet Hotels stock from a short to long term perspective. Take a look at their targets and potential returns:

Chalet Hotels share price target

The analysts suggest buying Chalet Hotel stock for a target of Rs 1,150 each. 

"Chalet Hotels continues to remain our top pick within the hospitality space, we maintain our 'buy' rating with a target price of Rs 1,150, valuing the stock at 22x FY27 EV/EBITDA," said analysts. 

Today, it closed at Rs 775.4 per share. This means the stock can provide up to 48 per cent returns from its latest price.

In December, this stock had made a high of Rs 1,051. From there, it is currently down 36 per cent.