ICICI Securities

ICICI Securities is a financial-services firm whose analysts publish stock ratings, target prices and sector research on Indian listed companies. [1] source: Mint[2] source: Business Today Its research covers areas that touch retail, including hotels and digital advertising. [1] source: Mint[3] source: The Hindu BusinessLine

In September 2026, ICICI Securities retained a Buy on Mumbai-based Chalet Hotels with a target price of ₹1,095, against a closing share price of ₹883 and a stated 27% upside. [1] source: Mint It cited Athiva's launch, franchise expansion and plans to add 1,655 keys to exceed 5,000 by March 2030. [1] source: Mint Business Today reported in September 2026 that ICICI Securities' target for Indian Hotels Company (IHCL) is Rs 925, while IDBI Capital's target is Rs 869. [2] source: Business Today

In a September 2026 report, ICICI Securities said India's digital advertising market is accelerating, led by performance, e-commerce and point-of-sale formats. [3] source: The Hindu BusinessLine It put digital ad revenue above Rs 947 billion in CY25, with e-commerce and point-of-sale advertising up 50% to Rs 220 billion. [3] source: The Hindu BusinessLine It also said the Indian advertising market grew 13.5% to Rs 1.5 trillion in CY25, with digital at about 63% of the market versus about 56% in CY24. [3] source: The Hindu BusinessLine