Buy Indian Hotels; target of Rs 75.50: IIFL

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Buy Indian Hotels; target of Rs 75.50: IIFL

IIFL is bullish on Indian Hotels and has recommended buy rating on the stock with a target of Rs 75.50 in its August 24, 2011 research report.

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RELATED NEWS Buy Deepak Fertilisers; target Rs 202: Unicon Investment Buy Balkrishna Industries; target of Rs 204: LKP Buy Educomp Solutions; target Rs 480: Unicon Investment ALSO READ See previous views by IIFL See what other Experts & Brokerages are saying about Indian Hotels See messages about Indian Hotels Indian Hotels BSE | NSE 31/05/12 Are Mutual Funds betting on Indian Hotels?

IIFL is bullish on Indian Hotels and has recommended buy rating on the stock with a target of Rs 75.50 in its August 24, 2011 research report.

"Indian Hotels has given strong reversal after hitting an intermediate bottom of Rs 66 in the previous week. The short-term momentum remains very strong as confirmed by RSI crossovers along with expanding volumes during price up ticks. The stock has been sustaining above the 10 DMA and 20 DMA which from now on would turn into a solid supports. We advise buying stock between Rs 70-70.50 with stop loss of Rs 68 for target of Rs 75.50 (Duration 7 days)," says IIFL research report.

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