Royal Orchid has target of Rs 78: Sukhani

Published on Wed, Dec 09, 2009 at 14:31 |  Source : CNBC-TV18

Updated at Wed, Dec 09, 2009 at 15:02  

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Royal Orchid has target of Rs 78: Sukhani

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Royal Orchid Hotels has target of Rs 78, says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "We have seen how hotels have been outperforming the broad market and that is a long term theme. I think hospitality as such is going to be one of the growing sectors. I have recommended Royal Orchid Hotels to clients and I own it."

He further added, "It seen very different times in 2007, it was trading at Rs 250 and now it's at Rs 74-75, so this is probably a time when an investor can look at it. I suggested it because it was on a verge of a breakout, so a day trader or a short term trader can probably ride that breakout. My day trading target is Rs 78."

  

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