Buy Indian Hotels Company: PN Vijay
Investment Advisior, PN Vijay is of the view that Indian Hotels Company on a three year time frame would be a perfect blue chip buy.
Vijay told CNBC-TV18, "Indian Hotels Company is an asset rich company and at some stage it should find its feet, especially with the rupee depreciating and high percentage of income coming from foreign exchange. So Indian Hotels on a three year time frame would be a perfect blue chip buy next 6 months are going to be tough, purely because of sentiment and enough has been said the hospitality industry would be the worst affected. So short-term probably it will hang around these levels because of asset richness and in a three-year time frame is an excellent buy."
Indian Hotels has support at Rs 30-31: Gujral
Technical Analyst, Ashwani Gujral is of the view that Indian Hotels Company has sort of broken down but Rs 30-31 is a very strong support.
Gujral told CNBC-TV18, "Indian Hotels Company has sort of broken down but Rs 30-31 is a very strong support. It needs to get back above Rs 45 and then Rs 49 broadly above Rs 50 for upside traction."
Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the stocks/sectors discussed.
Source : CNBC-TV18
Courtesy/Source: moneycontrol.com
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