Buy Oriental Hotels at Rs 200, says Bose

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Buy Oriental Hotels at Rs 200, says Bose

Rajat Bose is of the view that investors can buy Oriental Hotels at Rs 200. But they should keep a stoploss below Rs 185 in the stock.

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Technical analyst Rajat Bose feels that investors can invest in Oriental Hotels if it dips to Rs 200. However, a stoploss below Rs 185 is advised. They may also look at Jaypee Hotels, Indian Hotels Company and Hotel Leela Venture.

Bose told CNBC-TV18, "It seems that there is a negative diversion in Oriental Hotels on the charts but still it can go up as there is a good uptrend in the market. The prospect of the hotel sector looks good and investors can buy the stock if it comes down to Rs 200 by keeping a stoploss below Rs 185."

Further, he added, " Jaypee Hotels , Indian Hotels Company and Hotel Leela Venture look good and investors may invest in these stocks."