Hotel stocks in focus; TajGVK, Royal Orchid, Indian Hotels up over 5%

Indian Hotels Company has rallied 9% to Rs 147 on BSE in intra-day trade, gaining 12% in the last six trading days.

Shares of hotel companies are in focus with TajGVK Hotels & Resorts, Royal Orchid Hotels, Indian Hotels Company, EIH Associated Hotels and India Tourism Development Corporation (ITDC) rallying by up to 18% on BSE in intra-day trade on the expectation of an exponential growth over the next three years.

Indian Hotels Company has rallied 9% to Rs 147 on BSE in intra-day trade, gaining 12% in past six trading days, after the company reported 400 basis points (bps) Ebitda (earnings before interest, tax, depreciation and amortization) margin expansions at 10.3% in September quarter (Q2FY19). Indian Hotels is the largest