Jefferies initiates coverage on Leela Hotels with a “Buy” rating, setting a target price of Rs 675, and the stock rises following the announcement. Alongside the brokerage call, investors are also reacting to recent operating performance reported by the company.
According to NDTV, Leela Hotels’ revenue per available room (RevPAR) increases 17% year-on-year to Rs 13,982 in Q1FY27. The gain is supported by a 10% rise in average daily rate to Rs 20,722 and a 4% improvement in occupancy to 67.5%.
Economic Times frames the move primarily around Jefferies’ view of the broader market. It cites India’s premiumisation trend, growing luxury travel demand, and the company’s owned-led expansion approach. The brokerage also points to expectations of strong revenue and earnings growth through FY29, supported by higher room rates, more leisure exposure, and backing associated with Brookfield.
