EIH has target of Rs 110: Rajesh Jain

EIH has target of Rs 110, says Rajesh Jain Independent Market Strategist

Jain told CNBC-TV18, "EIH has an intraday target of Rs 110 and this is on top of the day sharp run up on Friday. The stock should see more buying because ITC has indicated that it would not be averse to increasing it is investment stake in what has been a profitable investment of it." He further added, "At a fundamental level EIH expects to add more than 800 keys to its hotels in India, it is also looking at aggressive international expansion, given the greater than 20% increase in sales thanks to better occupancies and ARRs. I expect EIH to deliver in an excellent set of results as well." Click HERE to know the rules and follow the score card