Elara Capital has upgraded Chalet Hotels stock to 'Buy', maintaining a target price of 1,086 and a structurally bullish view. The brokerage anticipates a 13.5% year-on-year increase in adjusted net profit for Q3FY26, reaching 109.5 crore, with revenue projected to rise to 553.5 crore. This upgrade reflects confidence in Chalet Hotels' consistent room additions and healthy cash generation through FY30.