Hold Taj GVK Hotels: Mayuresh Joshi

Mayuresh Joshi of Angel Broking told CNBC-TV18, "Taj GVK Hotels & Resorts is a hold from my side because the issues that the company was facing because of the Telangana problems clearly reflected in the occupancy ratios going down to 50-51 percent odd. That has jumped back very smartly to around 59 percent odd. Those occupancy levels will keep on inching up. To that bit I think the Mumbai property has broken even and in fact the bottom line has posted profits."

"As well as diversification in Chandigarh, Chennai and expectation of the new property coming up in Bangalore. So, I think if the investor has a year to a year and a half time horizon it is a clear hold from myside," he added.