ITC Hotels: Jefferies initiated coverage on ITC Hotels (ITCH) with a ‘buy’ rating and a target price of Rs 240, citing strong growth potential. It projects a 16%/19% CAGR in EBITDA/PAT over FY24-FY27e and expects occupancy in India to rise to 75% by FY27. ITCH’s debt-free balance sheet and strategic expansion plans support long-term growth, despite short-term challenges in greenfield projects.
ETMarkets Smart Talk: Fixed income attractive with rate cuts ahead; 20–40% allocation advisable for risk hedge, says Tanvi Kanchan
Amidst market volatility, Anand Rathi’s Tanvi Kanchan suggests a 20%-40% fixed income allocation for portfolio stability. She anticipates a stock-specific market in FY26, driven by
July 15, 2025