# Jefferies India Buys Chalet Hotels Stock

> Jefferies India targets 15% upside for Chalet Hotels despite negative YTD returns.
- Title: Jefferies India Buys Chalet Hotels Stock · mint | Shortify
- Summary: Jefferies India targets 15% upside for Chalet Hotels despite negative YTD returns. Jefferies India recommends buying Chalet Hotels shares at ₹965 target…
- Keywords: chalet hotels, jefferies india, nse, hotel stock, ytd return, price target, revenue growth, asset owner model, money, business, Jefferies, India
- Source: mint — https://livemint.com/market/stock-market-news/top-pick-despite-negative-ytd-return-jefferies-india-says-buy-this-hotel-stock-for-15-upside-target-price-rationale-11791119094520.html
- Author: Asit Manohar
- Published: 2026-10-05T02:31:24+00:00
- Read time: 1 min
- Topics: chalet hotels, jefferies india, nse, hotel stock, ytd return, price target, revenue growth, asset owner model, money, business
## Jefferies India stock pick
Jefferies India recommends buying Chalet Hotels shares with a target price of ₹965, up 15% against current market price of ₹834.90.

> We hosted Chalet's senior management for meetings in SG. Key takeaways include visibility on strong growth over the next 5 yrs, driven by its existing pipeline (~9-10% keys CAGR) & potential new adds/M&A.
## YTD correction
Chalet Hotels shares have delivered negative YTD returns after a 7% correction in the past year.
## Growth pipeline
Chalet Hotels has a 2,036-key development pipeline including recent additions in Pune and Hyderabad.
## 5-year growth plan
Management aims to build Athiva into a leading pan-India premium hospitality brand with 1,200-1,500 keys.
## Geographic expansion
Chalet Hotels plans to expand into Northern India with Taj Delhi Airport and Athiva South Goa.
## Earnings stability
Chalet Hotels' commercial RE portfolio generates ~₹2.5-3bn annual EBITDA for stable earnings.
## Risks highlighted
Jefferies warns of global economic slowdown, pandemic resurfacing, and downcycle impact on the 100% Asset Owner model.
## Key takeaway

Jefferies India recommends buying Chalet Hotels shares at ₹965 target price after 7% YTD correction.