New Delhi: The stock market is witnessing a huge recovery on Tuesday. Sensex-Nifty has increased by more than 1 percent. At the same time, the shares of Tata Group company Indian Hotels (Indian Hotels Company Ltd) have also registered a jump of 3 percent, with which it has hit its all-time high level. This rise in the shares of Indian Hotels has come after the company shared its growth strategy. Experts have adopted a bullish stance on this stock.

The company has a shared growth strategy

In fact, IHCL said in a statement that it plans to double its revenue to Rs 15,000 crore by 2030 and double its portfolio, expanding the number of hotels from 350 to more than 700. After this news came, its shares registered a rise on Tuesday. Shares of Indian Hotels opened at Rs 742 today, while it touched its 52-week high at Rs 760.95.

Experts started coverage

At the same time, analysts have also started their coverage of this stock. According to a report by ET Bureau, the latest average score of Indian Hotels Company Limited is 8, while 21 analysts have advised to buy it. Experts believe that it can rise by about 15 percent in the coming time. Institutional investors have a stake of more than 31 percent in this stock of Tata Group. This is a large-cap category stock, whose market cap is Rs 104,935 crore.

The company said this.

Puneet Chatwal, Managing Director and CEO of the company, said, "This strong performance, as well as our strong balance sheet, puts us in a good position to accelerate our development momentum." These include India's projected GDP growth of more than 6.5 percent, government spending on infrastructure, demand exceeding supply, etc.