Jain told CNBC-TV18, "After Indian Hotels fell down from Rs 106 odd level, it has been consolidating. It has its 50 day moving average around Rs 95.5, it closed yesterday at Rs 94.25. You can buy right here with a stoploss of Rs 92 obviously the momentum will pickup only after it crosses Rs 95.5."
She further added, "The target is about Rs 102 and it's also a long-term buy. So it can move beyond that in the longer period but as a trading call, as a swing call, you buy it at current market prices for a target of Rs 102."
At 09:28 hrs the share was quoting at Rs 94.55, up Rs 0.35, or 0.37% with volumes of 21,689 shares. Currently it is 178.09% above the 52-week low of Rs 34. The company's trailing 12-month (TTM) EPS was at Rs 1.82 per share.
