Stock of the day: Buy Indian Hotels Company Ltd For Target Rs.420 - Religare Broking
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Indian Hotels Company Ltd
* We are seeing a steady uptrend in hospitality counters and Indian Hotel is leading from the front.
* After the consolidation breakout, it has been gradually inching higher and currently trading at the record high.
* It has witnessed a fresh breakout from a buying pivot indicating next leg of up move.
* We thus recommend creating fresh longs in the mentioned zone.
Buy Indian Hotels Company Ltd CMP 403.25; Range 402-404; SL 396; Target 420
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