Feb,18,2013, 16:00 hrs
Sunil Jain , VP-Equity Research-Retail, Nirmal Bang Securities
I feel for 2-3 year view you can start accumulating at current price itself. Indian Hotel is stragling on account of poor Hotel industry environment both in Indian and developed nation lin US and UK where it has its properties. Once the Industry revive company can give handsome return. But the revival is bit away and you might have to hold on even more then 2-3 year. So accumulate gradually rather than at a stretch.
The Q3 result has already shown some sign of improvement. Global and Indian Auto Industry is passing through difficult period but revive may be in H2 3013. At Rs.79 The Market Cap of company is Rs.Rs.270cr and the revenue is Rs.2500cr. For turn around stock one need to give some time. I feel you can hold the stock and even add some more quantity here.