Sandeepa Arora of India Infoline is of the view that Hotel Leela looks extremely attractive.
Arora told CNBC-TV18, "Hotel Leela is looking extremely attractive. The kind of growth plans that they have and the way they are expanding be it Hyderabad, be it Pune. They have their strategy right where they are going into second tier cities and they are setting up large hotels there. The Goa property is going to do well. The Kovalam property that they have just established is going to be marketed in a big way."
She further added, "So far it has been a Bangalore story but going forward their growth strategy is in place and we continue to be bullish and we continue to like Indian Hotels. The top two picks infact Hotel Leela and Indian Hotels ."
"One could also look at Viceroy Hotels in the midcap space but the story is slightly longer term. Their Hyderabad expansion is now through and they are expanding into couple of other cities. The stock has been beaten down. It had gone upto Rs 160 and now quoting at Rs 90. It looks attractive from a three-year perspective though that is a slightly longer-term story."
Disclosure: I have positions in some of the construction stocks.
