Bullish on Indian Hotels: Seshadri Bharathan

ET Now spoke to Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd., on his views on Indian Hotels.

Indian Hotels, do you like this one, 6% up today. Rs 102 is where it’s trading at this point of time?

Definitely yes, one of the news is which as an Indian we should feel proud of is that the Taj Hotels is opening their old wing near Gateway of India, which came under attack from terrorists.

So that's a very positive news for the stock because it's a 300 room property plus add to that the RBI has yesterday agreed that it will allow ECBs for any hotels above $100 million so that's also a positive news for most of these hotel companies.