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C. Raja Rajeshwari

Investors can consider exposures in the stock of Indian Hotels, which owns The Taj chain of hotels. The stock trades at Rs 458. It has appreciated by over 35 per cent since our last recommendation two months ago. It can be considered for `buy' as encouraging trends in tourist inflows; a pick-up in domestic travel, higher occupancy rates and an improvement in average room rates would provide impetus to its earnings.

With a good geographic spread of its properties, Indian Hotels is well placed to capitalise on these trends. Its revenues and earnings would perk up as room rates are likely to improve further due to the robust demand.

Going by the trends in strong demand for rooms in Hyderabad and Chennai, one can also expect a rich contribution from its subsidiaries - TajGVK Hotels & Resorts and Oriental Hotels - which own and operate the Taj properties in these cities.

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