Shahina Mukadam of IDBI capital Market is of the view that one can buy Indian Hotels Company at current level.
Mukadam told CNBC-TV18, "Hold on Indian Hotels Company simply because it is doing exceedingly well, they are adding 2000 rooms in the next two years to their already 9100 plus rooms. It is the largest hotels and their ARRs are moving up, occupancy ratio is moving up it is already around 70, still it is moving up. Results were good, 75% increase in profits in YoY basis. Stock while not very cheap, 26 times FY07 earnings, with growth of 50-70% it is fairly justified. One can hold and buy at current levels."
