Hotel stocks do not carry on momentum very far: Rajat Bose

ET Now spoke to Rajat Bose, rajatkbose.com about hotel stocks

What is the call on hotel stocks?

Hotel stocks may be moving today but the problem with hotel stocks is that they generally do not carry on this momentum very far. Let’s discuss Hotel Leela. Hotel Leela needs to cross 44-45 range and then the next target would be 49.50.

Similarly for Indian Hotels only when you see it going beyond that 95 to 108 supply zone, that would be the real clincher, then we can say that maybe a sustained uptrend is about to begin. Otherwise it would be more like those people who would like to buy at 85 to 89 range and then book profits around 100-105. It is good bet from that perspective.