Thirty years again in 1994, when the Indian market witnessed the primary spherical of bull run after the Harshad Mehta scam, the sector which was on high gainer list was the hotel sector. In those days, the logic given in the brokerage research stories, which used to return out very infrequently and have been miniscule in numbers, was that as the Indian economic system opens up, more foreign enterprise travellers can be coming to India. That will lead to larger occupancy and it is not easy to set up a 5 star hotel so the demand provide equation would be…

Thirty years again in 1994, when the Indian market witnessed the primary spherical of bull run after the Harshad Mehta scam, the sector which was on high gainer list was the hotel sector. In those days, the logic given in the brokerage research stories, which used to return out very infrequently and have been miniscule in numbers, was that as the Indian economic system opens up, more foreign enterprise travellers can be coming to India. That will lead to larger occupancy and it is not easy to set up a 5 star hotel so the demand provide equation would be…