Hotel leela has announced third quarter results and the net profit increased by 54% while sales increased by 44%. At a price of around 40, this is a good buy. With a strict stop loss of Rs 36, this could be a good trading pick as well.
Indian market is expected to rally as US markets rallied yesterday. This is the time to look at the quarterly results and clean up one's portfolio. The 'garden' should be cleaned by removing the weeds. Market conditions are not good and it is wise to ruthlessly sell the companies which have reported flat or negative growth in the latest quarter.
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Leela hotel is booming this days in Hotel Industry. I have visited there website and they make changing there website to atract more and more visitors to there hotel. Leela website is well maintained which bring them too many booking thus increase there profit.
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