Tata-backed Indian Hotels Company (IHCL) saw its stock surge nearly 6% to a 52-week high of Rs 722 after reporting a 226% YoY profit growth to Rs 583 crore for Q2 FY24. Revenues rose 27.4% to Rs 1,826 crore. EBITDA grew 41.3% to Rs 501.27 crore. IHCL will also manage The Claridges, New Delhi from April 2025.
Posts in category Economic Times
BEL shares 0.71 per cent in Friday’s trading session (08-11-2024)
The Relative Strength Index of the stock stood at 62.93 on Friday.
Share market update: Most active stocks on D-Street today in terms of volume (08-11-2024)
The NSE Nifty index was trading 20.7 points down at 24178.65
Cummins India shares 0.97% as Sensex falls (08-11-2024)
The stock quoted a 52-week high of Rs 4169.50 and a 52-week low of Rs 1692.50.
Should you buy the fall in Trent or wait some more? Sandip Sabharwal answers (08-11-2024)
Sandip Sabharwal sees Trent’s stock as overvalued even after a 7% drop, suggesting a much lower entry point below Rs 5,000. He praises IHCL’s recent performance, citing strong brands and limited supply in the five-star segment. He remains optimistic about VA Tech Wabag, emphasizing the need for increased execution and O&M revenue generation for sustained growth.
Sensex falls! But these stocks are up over 15% on BSE (08-11-2024)
In the Nifty50 index, 27 stocks were trading in the green, while 23 stocks were in the red.
Deregulation, tariffs, and India’s rise: Mark Mobius on the future of emerging markets (08-11-2024)
Mark Mobius, a seasoned investor, believes that shifts in U.S. policies, particularly deregulation and tariffs, will fuel growth in both the U.S. and emerging markets. He sees India as a potential global high-tech manufacturing hub, benefiting from these changing dynamics and the restructuring of global supply chains.
Mphasis share price 0.63 per cent (08-11-2024)
A total of 5,057 shares changed hands on the counter till 10:29AM (IST).
Stock market update: Fertilisers stocks down as market rises (08-11-2024)
The 30-share BSE Sensex was up 14.75 points at 79556.54
Share price of Voltas as Nifty (08-11-2024)
A total of 12,689 shares changed hands on the counter till 10:24AM (IST).