Mint reported that MarketSmith India listed The Indian Hotels Company Limited (IHCL) and ICICI Bank as purchase recommendations for Friday, Oct. 23, with target, entry and stop-loss levels for both shares.
Mint listed IHCL at a reference price of ₹784.50, with an entry range of ₹777 to ₹788, a ₹900 target over two to three months and a ₹743 stop-loss level. For ICICI Bank, the figures were ₹1,398, an entry range of ₹1,384 to ₹1,405, a ₹1,540 target over the same period and a ₹1,340 stop-loss. The report did not specify when either reference price was recorded.
IHCL’s Q2 FY2027 results described a 670-hotel portfolio, including 280 hotels in its global pipeline. The company said it expected to reach its 700-hotel Accelerate 2030 goal ahead of schedule, and raised its consolidated revenue-growth guidance for FY2027 to 15% to 17% from 12% to 14%. Its hotel-segment growth guidance was 17% to 19%. IHCL also called the quarter its 18th consecutive record quarter and linked the higher outlook to increased revenue and demand from social and MICE events.
ICICI Bank reported that its loans grew 30% year over year as of Sept. 30, 2026. Growth was 24.1% after excluding loans from international branches against FCNR (B) deposits. Deposits rose 27.1%, or 17% when FCNR (B) deposits were excluded. Net interest margin was 4.18% in Q2 FY2027, down from 4.36% in Q1.
Mint attributed the hotel call to domestic travel, weddings and business trips, as well as hotel supply-and-demand conditions, an asset-light expansion strategy and the development pipeline. For ICICI Bank, the outlet cited lending to retail customers, small businesses and corporate clients and its digital platforms. It also identified deposit competition, funding costs and possible deterioration in credit quality as risks. Those were MarketSmith India’s stated rationales in Mint’s account, distinct from the companies’ own disclosures.
