Hot stocks: Brokerage view on Indian Hotels, Cummins, Trent and TCS

Investec has maintained a hold rating on Indian Hotels, raising the target price to Rs 742 from Rs 630. The company's strong performance was driven by healthy ARR growth. With expanding horizons and structural tailwinds, Investec expects margins to remain at 32%/32.5% for FY26/27, with PAT growing at a CAGR of 24% over FY24-27.