Indian Hotels gains 3% as analysts raise earnings estimates, target post Q2

Indian Hotels reported ₹349 crore and ₹2,566 crore, with movement of 3%, 23% and 21% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is +4.0% on the day at ₹783.10, and has returned +2.9% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The hotels & restaurants sector has moved -1.4% over the same period, so Indian Hotels is running 4.3 points ahead of its peers.

For Indian Hotels, the question is how much of this is already reflected in the price and how much re-rates the hotels & restaurants peer set alongside it.