Stock Picking - Art Or Science

If there is one Legal way to Become Rich early, it is by Investing in Stocks and Real Estate. In this Blog you will not see general news which are available at numerous sites, instead u will get filtered news and opinions which matter. Many a times some small but important news were overlooked because of simultaneous big event, I try to put all those news in my Blog. The Home Page shows posts of only last 10 days. To see all the posts click on the month in the Archive section.

Tuesday, May 15, 2007

Hotel Leela - Best Challenger

Hotel Leelaventure - Best Challenger Awarded By Standard & Poor

Hotel Leelaventure Ltd has informed BSE that Leela Palaces, Hotels, and Resorts is among eight Indian Companies listed by Standard & Poor global rating agency based in New York as among the best challengers of 2007.

Standard & Poor, the most respected name in performance ratings, spotted 300 Companies world-wide that can pose a challenge to the world's leading Companies in their respective fields. In India Standard & Poor identified seven Companies last year and eight this year to include the Leela.

The report noted their Indian equity in the universe of listed stocks is less than 396.

Last year three Indian commercial banks featured in the Standard & Poor rating. This year no bank is listed. Standard & Poor drew up this year's list on the basis of market capitalization which has to be in the range of $ 500 million to $ 5 billion. They also need to post price appreciation for three years in a row. These Companies also need to post a growth in their earnings per share and the number of employees.

The Leela has grown by leaps and bounds in the last three years with luxury hotels in Mumbai, Bangalore, Goa, Kovalam Beach and Delhi. It has acquired prime property in the Diplomatic Enclave in New Delhi at a cost of Rs 611 crores for a super luxury seven-star hotel besides new projects at Gurgaon, Udaipur, Chennai, Hyderabad and Pune. All these will come up and be operational between 2007 and 2010.

Source : Bombay Stock Exchange

Labels: Hotel Leela

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