Hotel Stocks Are Skyrocketing – Experts List Out These Stocks To Buy

In recent sessions, hotel companies including Indian Hotels, Lemon Tree Hotels, EIH, and Mahindra Holidays & Resorts have shown outstanding returns. during the past month. Indian Hotels stock price has increased by 22%, Lemon Tree Hotels stock price has increased by around 25%, EIH stock price has increased by about 24%, and Mahindra Holidays & Resorts shares have increased by about 15%.

Stock market analysts claim that owing to the impending festival season, investors are quite positive on hotel equities. They said that despite increases in loan rates by numerous banks, the target market for such large hotels has not shown even the slightest indication of decreasing their expenditure. Therefore, these hotel stocks have taken off because to consumer credit spending that is being sustained and the rapidly coming season. According to them, low-risk investors should purchase Indian Hotels, whilst those who are willing to assume some risk and have a long-term outlook should purchase Lemon Tree Hotels. However, because the equities had already increased significantly in recent sessions, they suggested investors to wait for some profit-booking.

Manoj Dalmia, founder and director of Proficient Equities, commented on the factors behind the increase in hotel stocks by saying, “The rapidly coming festival season is causing hotel stock prices to increase. The market has become optimistic on stronger quarterly statistics from the corporations since, in general, hotel companies offer better figures following the conclusion of festival season. The market is very attentive to how these hotel customers are using their credit. Due to the fact that despite rising bank interest rates, consumers have not reduced their spending, hotel corporations are anticipated to have considerably stronger results in the following quarters.”

Choice Broking‘s Executive Director, Sumeet Bagadia, said: “The majority of the well-known hotel stocks appear to be solid on the chart. Despite the one-sided shift in recent months, it is anticipated that Indian Hotels would continue to rise. Those who own this company are encouraged to hold it for a potential range of ₹350 to ₹360 levels while keeping their stop loss at ₹315 per share.”

Manoj Dalmia of Proficient Equities said on which hotel company to purchase in the present market environment “Low risk investors can purchase Indian Hotels at about ₹300 levels with a medium-term target price of ₹376 per. When investing in this Tata group company, one must, however, have a hard stop loss at ₹285. However, long-term investors willing to accept some risk can purchase Lemon Tree Hotels at about₹ 70 levels while keeping their stop loss at ₹60 levels per unit. This stock may make a significant move to the upside after breaking out at ₹92 on a closing basis. It will soon touch ₹115 levels after breakout.”

Disclaimer :- The views and recommendations made above are those of individual analysts or broking companies, and not of Ours.
We will be happy to hear your thoughts

      Leave a reply

      Share Price India News
      Logo