New Delhi, Oct. 5 -- Jefferies India stock recommendations: Chalet Hotels shares are among the beaten-down stocks in the Indian stock market. In YTD time, Chalet Hotels' share price has delivered a negative return, correcting by over 7%. Despite this, Jefferies' Indian report has given a 'buy' tag to the hotel stock, with a Chalet Hotels share price target of Rs.965. Chalet Hotels' share price today is Rs.834.90 per share on the NSE. So, the global brokerage is expecting around 15% upside in the Chalet Hotels shares.

On the rationale behind being bullish on Chalet Hotels shares, the Jefferies India report says, "We hosted Chalet's senior management for meetings in SG. Key takeaways include visibility on strong growth over the next 5 yrs,...