Indian Hotels has announced excellenet results for the third quarter (52.9% increases in profit and 27% increase in sales). However there is increase in 'other income' in this quarter and so the profit based on sales growth is slightly lower.
If there is a big market crash in coming days, the stock may be available at around 100 and that is an excellent time to check in!
This is a blue chip stock and not a multibagger and safe bet for patient and conservative investors. if the market recovers, one can get a price of about 180 and if the Indian bull market continues this stock has a long term price target of around 400.
Other two stocks to watch are Ador Fontech and Godavari power and Ispat - both have announced excellent third quarter results. Fundamentally both are strong companies and one can watch these companies.
Note: Indian Hotels is part of my portfolio as of this writing. I may invest/trade in this stock.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment