Hold Hotel Leela With Stop Loss Of Rs 42

Hold Hotel Leela With Stop Loss Of Rs 42Technical analyst Ramesh Arora has maintained 'hold' rating on Hotel Leela Venture Limited stock with a stop loss of Rs 42.

According to analyst, the investors can exit on rally to around Rs 50-52.

The stock of the company, on December 28, closed at Rs 45.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 58.70 and a low of Rs 41 on BSE.

Current EPS & P/E ratio stood at 1.10 and 41.50 respectively.

During the quarter ended September 2010, Hotel Leela Venture Ltd recorded loss of Rs 47.50 million as against a profit of Rs 17.50 million during the corresponding quarter of 2009.

Net sales of the company grew by 16.39% to Rs 1,044.10 million.

The company's total income increased 16.13% to Rs 1,091.70 million as against the same period of last year.

Hotel Leela Venture Ltd is an Indian hotel company based in Mumbai, presently with 6 luxurious hotels, situated in Goa, Kovalam, Bangalore, Mumbai, Udaipur and Gurgaon.

The group plans to introduce novel hotels across other locations in the country including Delhi, Hyderabad & Channai and Pune.