hotel stocks: Hotel stocks could benefit from India’s booming tourism demand: Porinju Veliyath

You have invested in stocks like Ixigo. These are travel and tourism stocks. You have invested it in some smaller hotel stocks as well. Could they see some comeback and normalisation could happen to some of these stocks because that was one pocket which was under stress.
Porinju Veliyath: Definitely, yes. There was a big fear factor when all these things have been happening. See, market do not like the uncertainties as you know it. And there is in the normal economic political conditions India has a huge demand, a highly growing demand for the travel and tourism of almost all the segments of travel and tourism and there is a shortage of supply in many pockets like the five-star hotels in some cities and lot of shortage is also there, so that is why this pricing power and there is big growth ahead for tourism in a big way and travel.

So, Ixigo did not go down much even though it had a big pressure earlier and has come up. I was just looking at this stock for investment. I am not invested into the stock for information.