The Economic Times

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.