Oriental Hotels

Investors with medium-term perspective can consider buying the stock of Oriental Hotels (Rs 317). After forming a strong base by moving sideways between Rs 140 and Rs 170 between December 2008 and March 2009, the stock began to trend upwards.

Oriental Hotels

A popular research site says,

At the current market price of Rs 300, Oriental Hotel's stock is trading at a price to earnings multiple of 13.9 times its trailing 12-month earnings. Most of its properties are market leaders in their respective cities and we expect the ARRs to remain firm going forward till the new supply comes in. However, the company is renovating rooms in one of its prime properties. Though the work is expected to be completed by 3QFY08, the performance would be affected till then.

IDBI Capital - Oriental Hotels

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