Fund raising would lead to momentum activity in Hotel Leela: Rajesh Jain, Market Strategist
Rajesh Jain, Market Strategist, in a chat with ET Now talks about Hotel Leela.
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| Rajesh Jain, Market Strategist, in a chat with ET Now talks about Hotel Leela.
You are bullish on Hotel Leela. Can you walk us through the expansion plans of this hotel?
Hotel Leela is at a point where the expansion plans have more or less been completed. Three to four properties have recently come onboard. So you should be seeing a volume upside in the top line in the coming season.
The biggest story in Leela is that despite the debt overhang, attempts to mitigate debt as well as to raise more funds would lead to some value unlocking as well as momentum activity in the counter. The biggest hidden positive is that ITC is gradually increasing its stake in this company. Hotel Leela has also got some international tie-ups.
You combine these two factors and shareholders or investors who get into this counter today would have the potential of some smart gains aside of the fundamental upside.
You are bullish on Hotel Leela. Can you walk us through the expansion plans of this hotel?
Hotel Leela is at a point where the expansion plans have more or less been completed. Three to four properties have recently come onboard. So you should be seeing a volume upside in the top line in the coming season.
The biggest story in Leela is that despite the debt overhang, attempts to mitigate debt as well as to raise more funds would lead to some value unlocking as well as momentum activity in the counter. The biggest hidden positive is that ITC is gradually increasing its stake in this company. Hotel Leela has also got some international tie-ups.
You combine these two factors and shareholders or investors who get into this counter today would have the potential of some smart gains aside of the fundamental upside.
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