(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/buy-indian-hotels-company-pn-vijay/)
Investment Advisior, PN Vijay is of the view that Indian Hotels Company on a three year time frame would be a perfect blue chip buy.
"Indian Hotels Company is an asset rich company and at some stage it should find its feet, especially with the rupee depreciating and high percentage of income coming from foreign exchange. So Indian Hotels on a three year time frame would be a perfect blue chip buy next 6 months are going to be tough, purely because of sentiment and enough has been said the hospitality industry would be the worst affected. So short-term probably it will hang around these levels because of asset richness and in a three-year time frame is an excellent buy."
Source : MoneyControl