Jefferies initiates coverage on Leela Hotels with Buy rating, sees 22% upside
- Posted on August 31, 2026
- By Business News Today
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Jefferies initiates coverage on Leela Hotels with Buy rating, sees 22% upside
Jefferies initiated coverage on Leela Hotels with a Buy rating and a Rs 675 target, citing Indias premiumisation trend, rising luxury travel demand and the companys owned-led expansion strategy. The brokerage expects strong revenue and earnings growth through FY29, supported by higher room rates, leisure exposure and Brookfield backing.
