Stock Review: INDIAN HOTELS

In the hotels sector, we believe Indian Hotels Company is an attractive investment for 2011. It is the only hotels company that would add close to 1,500 rooms across various segments such as upscale, mid-scale and economy. These additions would enhance the company's topline in the first half of the next fiscal. A lower debt and good dividend paying record (consistently paid more than 100% in the past four fiscals) makes it an attractive buy.