Mar 03, 2012, 03.03 PM | Source: CNBC-TV18
Jitendra Panda, Future Capital Securities is of the view that one can buy Hotel Leela Venture.
Certainly hotel industry expected move. Their long positions are getting built. There are some expectations that the budget will have some positive on that especially on the excise side and all other relevant tax, some relaxation. We believe the long positions have been built. If you are holding on, you should hold on by the futures rather than getting the options strategy, get into futures because futures are better liquid than options market there. Hotel Leela could be a good stock to buy. So we are recommending Hotel Leela to buy in the hotel sector and thatís a sector you should watch. Within the budget and the election which will have a result, if you see the ADAG group is already showing action which have seen today which may continue in the coming week till the reserves are announced. We are seeing some action on the power sector. So these two sectors we believe in next week will see lot of volatility and more on the long side. You can be long on these two sectors."