I am moderately bullish on the hotel industry on the whole, since business travel to India is picking up and India will need around 20000 - 30000 more hotel rooms in the next 5 years.
But stock selection must be done carefully. I am positive on Asian Hotels, Taj GVK, Oriental Hotels, East India Hotels (EIH), Royal Orchid and Hotel Leela.
One can buy Royal Orchid at 80-81 for a decent target of 97 in the next 6 months (+18%)
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