Hotel Leela Intraday Call
Hotel Leela Venture can be bought at current level of Rs 70 with a strict stop loss of Rs 68.5 for intraday trading. The stock is having a lot of operator activity in past few trading sessions. As the mid-caps and small cap stocks are seeing uptrend in recent stock market rally, these stocks can get good returns in intraday trading.
Hotel Leela Venture has touched a 52-week high of Rs 80.80 on National Stock Exchange. The EPS stands at Rs 4.06 and P/E is 17.
Other stocks in hotel industry like Indian Hotels, Asian Hotels and Jaypee Hotels are also looking attractive. The Hotel prices in India have been strong since last three months. As the current season is going good, these companies may show good performance. If the stock markets remain strong, these stocks can offer decent returns over short term.