The tides have turned for the hotel industry with surge in tourism. Royal Orchid has been regularly adding new properties at key tourist locations like Gangtok, Sakleshpur, Puri etc. Sales from the newly added properties will reflect in top line in some time. In this market I think Royal Orchid is a value pick and can be bought. You will have to be patient but it can easily double in 2 year’s time.
Disclaimer: Invested / Biased.
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