Investors check into hotels as demand pickup improves outlook
- Share prices of EIH Ltd (Oberoi hotels) and Indian Hotels (Taj) have risen 20% in the last six months. Nifty 500 pales in comparison
- But since there are few hotel stocks, investors would do well to stick with firms that have deep pockets and brand equity
Hotel stocks have outperformed the benchmark Nifty 500 index in the last six months. Shares of EIH Ltd and Indian Hotels Co. Ltd, owners of the two leading luxury hotel brands Oberoi and Taj, respectively, rose around 20%. The Nifty 500 index paled in comparison as it delivered a marginally negative return.
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