"Our view right now is that because the real estate sector has played out well, all these stocks have, in terms of valuations, are on a little stretched mode, not obscenely priced and so upside is limited. So it will be better to look at those options. We can find a lot of value in cement right now. "
Shares of India s largest hospitality group Indian Hotels (IHCL), which owns brands like Taj, Vivanta and Ginger, have risen 35% in the last 6 months to fresh record high levels. Similarly, EIH, which is the flagship company of the Oberoi Group, Chalet Hotels and Lemon Tree Hotels also hit fresh highs on Thursday.
The hotels sector has been growing due to recovery in leisure and business travel as well as weddings.After the pandemic, hotels use digital keys, QR code