Indian Hotels Shares Plunge 3% After Morgan Stanley Downgrade, Price Target Cut

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CNBC TV18•07-01-2026, 10:47

Indian Hotels Shares Plunge 3% After Morgan Stanley Downgrade, Price Target Cut

•Indian Hotels Company Ltd. shares declined nearly 3% on Wednesday, January 7.
•Morgan Stanley downgraded the stock to "equal weight" from "overweight" and cut its price target.
•New price target set at ₹780 per share, down from ₹811, implying a 7% potential upside.
•Brokerage cited a strong hospitality ecosystem but limited upside surprises in revenue per available room (RevPAR) cycle.
•CEO Puneet Chhatwal reaffirmed double-digit revenue growth guidance for FY26 in November 2025.

Why It Matters: Morgan Stanley's downgrade and price target cut led to a 3% drop in Indian Hotels shares.

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