Porinju Veliyath is one of the most successful stock market investors of India. Porinju Veliyath is master in identifying multibagger stocks. He follow simple strategy for earning money from the stock market, identify and invest in future multibaggers. He is one of the most respected value stock pickers of India. He is founder and CEO of Equity Intelligence India.
On the Occasion of Diwali during a special interview with ETNow, Porinju Veliyath shared his views on the market and economy. He has also disclosed best theme to bet on for 2019.
Porinju Veliyath – Mutlibagger Stocks for 2019
As per Porinju market have bottomed out, year 2019 will be rewarding for the investors. During conversation one simple question was asked to Porinju – “Which are the multibagger stocks to buy in 2019?”
It seems porinju was expecting this question. He was well prepared. He responded that “He is bullish on Hotel stocks”. Hotel stocks are safe and good long-term bet and will deliver multibagger returns.
In his recent tweet also he pointed out –
3&4 Star hotel operators are in a sweet spot. F&B at 5% GST. Room rates are mostly below Rs.7500 (18% GST). Margins to go up. Advantage at the expense of 5 Stars. Few listed companies in the space look attractive. Am I missing something?
— Porinju Veliyath (@porinju) November 10, 2017
“The industry is turning around after a decade. The occupancy is really going up. Cost of setting up a new hotel and running it has really shot up. It has become almost very difficult to break even for the new properties. There is a shortage of hotel properties in many cities. So, the hotel sector is something very safe for the next 2-3 years for equity investors to invest in.”
Porinju Veliyath only shared about sector that perform better in 2019. He has not given any list or name of multibagger stocks. However, from last interview and old tweets we could find out Best Hotel stocks which are recommended by Porinju in January, 2018.
The 3 hotel stocks gained over 150% on an average. Look for inflection points & green shoots in #ChangingIndia – still in plenty!
Indian Hotels Company limited is first hotel stock recommended by Porinju. IHCL has shown improvement in the operations. IHCL has plan for expansion. Higher occupancy level and rise in average room rent are positive sides about this stock.
Royal Orchid Hotels (ROHL) has delivered stable earnings performance quarter on quarter. In Q2FY19 net profit margin of the company has grown. ROHL has 48 properties as on June 30, 2018 and expects 15 hotels under management contracts in FY19. It is also planning to add few hotels under revenue share/lease model in FY19. This will defiantly help ROHL in increasing revenue and profit.
Oriental Hotels Limited
Oriental Hotels Ltd (OHL) reported strong set of operating performance during Q2FY19. The company has posted very good profit. OHL is expected to witness improvement in occupancy on account of completion of renovation across its key properties. OHL remains a key beneficiary across south Indian market with strong brands like Taj, Vivanta and The Gateway Hotel.
Over to You –
What is your take on the Stock Market for the year 2019?
Do you think stock and sector recommendation of Porinju Veliyath for year 2019 make sense?
Do share your views in the comment section given below.
(The views content and recommendations expressed in this post are of Leading Brokerage house and do not represent those of Moneyalpha.com. Please consult your financial advisor before taking any position in the stocks mentioned)