Hey All,
It’s been a while since I last posted here on the #Hive blockchain. Actually I was out with family on a trip for 5 days to - Daman, Trambakeshwar Temple[one of the famous Jyotirlingas] and then the one and only one hill statation in Gujarat which is known as Saputra. Overall, it was a great trip, and we had a wonderful time together as a family at all these places. Now coming to the main topic of this post which is the stock and crypto market crash. Lately, we’ve been seeing significant volatility and sharp corrections across global markets. A major reason behind this is the ongoing geopolitical tension involving Iran, Israel, and the United States. We are not sure when all of this will stop and already the impact of this war is huge and there is so much uncertaininty in the markets that a panic situation has been created and for that reason hefty selling pressure is there in both the markets stock and crypto. Looking at the major stocks I’ve been tracking for a while, Indian Hotels Company Ltd. stands out to me right now. I’ve started accumulating shares of this company, as I see strong potential in the hospitality [Hotel, Resort & Restaurants] sector in India.
Today the price of Indian Hotels Co Ltd ticke:: INDHOTEL fell another 4% and to be honest I didnt wanted to miss this opportunity of price trading less than Rs.600/- so bought some shares today as well. I have been accumulating INDHOTEL shares since starting of this month and my straegy is buy in small quanties so as to average out my buying price.. yeah DCA. Here is the sanpshot from my stock broker App and you can see its not only INDHOTEL that I bought today but there are a couple of more shares that I have been buying on a regular basis.
Is this the right opportunity to buy? I guess so but then it ultimately depends on one’s investment strategy and risk appetite. Whatever stocks or crypto tokens I am buying are for long term and hence my strategy is to continue to build my portfolios and hold these assets with patience. Further, I am not looking at short term gains or quick profits. Instead, I believe in the power of compounding and staying invested through market ups and downs and for that reason have been building my Hive Power and for stocks I continue to invest. Ok now coming to as to why I bought INDHOTEL shares - well here are the reasons...
The company is one of India’s leading hospitality players. As per recent data, it has over 565 operational hotels with a total inventory of more than 57,000 rooms.So, you can imagine the scale at which the company operates and the kind of growth potential it holds in the long run.
INDHOTEL has delivered good profit growth of 42% CAGR [Compound Annual Growth Rate] over last 5 years
In normally invest in large companies..yeah staying away from penny stocks. And whereas INDHOTEL is a large cap company here in India with a market cap of around ₹90,000 crore to ₹1 lakh crore and is USD it would be approximately $10 Billion USD
This is yet another major reason to buy INDHOTEL - FIIs and DIIs share is greate than 20%. I personally feel that this level of institutional participation indicates strong confidence from large investors and adds credibility to the stock.
My personal reason to invest in a hospitality business.
I will keep an eye on the stock and will continue to buy at regular interval if the price of the stock continues to fall from here. Maybe another 20 share if it reaches at Rs.580/- mark. The target here is to get atleast 100 share of INDHOTEL added to my stock portfolio. Ok for now this should be it for todays post on - "India Stock Market Crashed - Buying Indian Hotels Company LTD. Shares - Why I bought INDHOTEL Shares?" Be Alreart & Vigilant before Investing in Crypto & Stocks... Happy Investing.. Cheers
#StockMarket #Crypto #LongTermInvesting #IndianHotelsCoLtd #WealthBuilding
Image Source: Pro Canva license, Chatgpt
Best Regards Paras
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I have a personal interest in blockchain, stocks, and cryptocurrencies and actively invest in emerging projects.
