Hold Hotel Leela With Stop Loss Of Rs 42
Technical analyst Ramesh Arora has maintained 'hold' rating on Hotel Leela Venture Limited stock with a stop loss of Rs 42.
According to analyst, the investors can exit on rally to around Rs 50-52.
The stock of the company, on December 28, closed at Rs 45.75 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 58.70 and a low of Rs 41 on BSE.
Current EPS & P/E ratio stood at 1.10 and 41.50 respectively.
During the quarter ended September 2010, Hotel Leela Venture Ltd recorded loss of Rs 47.50 million as against a profit of Rs 17.50 million during the corresponding quarter of 2009.
Net sales of the company grew by 16.39% to Rs 1,044.10 million.
The company's total income increased 16.13% to Rs 1,091.70 million as against the same period of last year.
Hotel Leela Venture Ltd is an Indian hotel company based in Mumbai, presently with 6 luxurious hotels, situated in Goa, Kovalam, Bangalore, Mumbai, Udaipur and Gurgaon.
The group plans to introduce novel hotels across other locations in the country including Delhi, Hyderabad & Channai and Pune.