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Stock Radar: Indian Hotels holding well above 50-DEMA and may hit fresh record highs. Time to buy?
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Hospitality major Indian Hotels has been holding well above the 50-DEMA on the daily, weekly and monthly charts, and the support for the stock is also gradually shifting higher.
This is a bullish sign.Short-term traders can look to buy the stock for a target of Rs 420 in 2-3 weeks, suggest experts.Indian Hotels has a market capitalization of more than Rs 56,000 crore on the BSE and trades at a trailing P/E multiple of 63.67 and earnings per
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