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Rahul Shah advises clients to stay invested in the PSU theme and sees Zomato as a long-term opportunity. He is bullish on Blinkit and expects continued growth in delivery business. Additionally, he highlights the potential of PSU banks, Vedanta, SBI, HDFC Bank, BPCL, and HPCL. Shah says one should buy BPCL and HPCL on dips.
This time what you are seeing for the hotel sector is not cyclical, it is structural. It is basically demand-supply 101. If you look for the last several years, the demand has been growing between 8% to 12% and you can see it in airlines, office space, travel and tourism. The hotel supply is growing between 2% to 6%, not a surprise because the hotel industry in India has now evolved from being 50,000 rooms in 2008 to about 150,000 to 200,000 rooms right now.