Taj GVK looking good at a target of 165: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, aptartindia.com in a chat with ET Now gives his pick from Hotel stocks.

With momentum purely on the technical charts, would you watch out for hotel stocks?

Yes. But very specific like Taj GVK is looking good for a further 5% to 7% up move. Hotel Leela looks tired. Not that it is weak. The other Viceroy and other hotels are not that great. So Taj GVK , I would talk of a target of around 165 but not one-way move till that and possibly there one should book profit because I do not see it extending further.