SID ki SIP: Siddharth Sedani of Anand Rathi Securities has handpicked four stocks from the hotel industry space. On his 'buy' list are  — Indian Hotels (INDHOTEL), Lemon Tree Hotels (LEMONTREE), ITC and RateGain Travel (RATEGAIN). The market expert believes these companies are set to benefit from events such as the ongoing Indian Premiere League (IPO), and the 2023 Cricket World Cup, to be hosted by India later this year.

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He recommends a horizon of 6-12 months for his four stocks picks under the Namaste India theme:

Sedani pointed out that the collective occupancy level of India's hotel industry stood at around an estimated 73-75 per cent in the quarter ended March 2023. He expects the average room rate to expand by 20 per cent with 10 per cent to 12 per cent growth in demand.

He also believes that normalisation of corporate travel in India is another key positive for the country's hotel industry.

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