Stay invested in EIH: Seshadri Bharathan
This will give the funding required for the company to expand and tap into the growing market for tourism as well as business opportunities.
By 
|
| Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about EIH.
What does one do with EIH at this point of time?
I think investor should stay invested in the stock. Because now the clarity is emerging as to RIL and EIH promoters would be the main key promoters of this company. Earlier ITC which has around 14.9% holding in the stock could not subscribe to rights issue. And this also would clear the way for much needed funding for the expansion because we have seen that EIH has not expanded its property the way other hotel companies in India have expanded. So this will give the funding required for the company to expand and tap into the growing market for tourism as well as business opportunities.
So what kind of an upside do you see?
My target would be around Rs 165 in EIH.
What does one do with EIH at this point of time?
I think investor should stay invested in the stock. Because now the clarity is emerging as to RIL and EIH promoters would be the main key promoters of this company. Earlier ITC which has around 14.9% holding in the stock could not subscribe to rights issue. And this also would clear the way for much needed funding for the expansion because we have seen that EIH has not expanded its property the way other hotel companies in India have expanded. So this will give the funding required for the company to expand and tap into the growing market for tourism as well as business opportunities.
So what kind of an upside do you see?
My target would be around Rs 165 in EIH.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
