Street mood lifts Oriental Hotels

Increasing bullishness on the hospitality sector has seen a sharp run-up in hotel stocks over the past few sessions. On Monday, the stock of Oriental Hotels rose by 20% to Rs 26.4. Industry trackers, say the sector is attracting attention due to perceived lower valuations.

Oriental Hotels has shown higher volatility of late. In the absence of major growth triggers, the medium term outlook may not support the stock's current price.