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Buy Royal Orchid with a long term view: Nirmal Bang
Nirmal Bang is bullish on Royal Orchid and has recommended buy rating on the stock with a long term perspective, in its December 31, 2009 research report.
Nirmal Bang is bullish on Royal Orchid and has recommended buy rating on the stock with a long term perspective, in its December 31, 2009 research report.
"Royal Orchid Hotels operates and manages 13 properties across seven destinations with 1093 rooms across India. Out of the 13 properties, 5 are located in Bengaluru, 2 each in Mysore and Pune and one each in Jaipur, Goa, Hyderabad and Ahmedabad."
"At the current market price of Rs 80 per share, ROHL is currently trading at a PE of 9.0x FY11E and 7.2x FY12E EPS estimates, which looks quite attractive when compared to its peers. At Rs 80 per share the stock is trading at a discount of 56% from our intrinsic price of Rs 125 per share which is 14.0x FY11E earnings. We recommend a BUY rating on the stock with a long term view."
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