Buy and hold Hotel Leela Ventures; stoploss at Rs 47: Nirmal Bang

MUMBAI: Nirmal Bang Securities has recommended investors to buy and hold shares of Hotel Leela with a stoploss of Rs 47.

“We are seeing strong moves happening in the hotel sector and if the stock holds above Rs 50.50 in the near term then we see a target of 53 / 55 / 57,” said the brokerage firm.

Shares of the company were trading at Rs 49.85, up 0.2 per cent on the NSE.