Indian Hotels News

A total of 68,514 shares changed hands on the counter till 01:09PM (IST)

Bharti Airtel and IndiGo stocks soared to new all-time highs on Wednesday, with Bharti Airtel reaching Rs 1,545.85 (up 1.5%) and IndiGo climbing to Rs 4,944.60 (up 4.2%). Other stocks hitting their 52-week highs include IEX, ICICI General Insurance, Indian Hotels, Lupin, MCX, and SBI Life Insurance Company.

As of 30-Jun-2024, promoters held 38.12 per cent stake in the company, while FIIs held 27.19 per cent and domestic institutional investors had 13.71 per cent.

Intimation of Issuance of Duplicate Share Certificate(s).

The Nifty 50 Index gained 187.45 points after consolidating for a few days. Hindalco is showing signs of a potential breakout, supported by strong technical indicators. Indian Hotels Co Ltd has broken out from a symmetrical triangle pattern, suggesting a possible price rise. Breakout has become more frequent as more sectors join the party.

Intimation for Loss of Share Certificate(s).

A total of 56,907 shares changed hands on the counter till time (IST).

Pursuant to the provisions of Regulation 30 read with sub-para 20, Para A of Part A of Schedule III of the Listing Regulations, we hereby submit the disclosure regarding the Order passed by Office of the Deputy Commissioner of State Tax, Bangalore, levying a penalty Rs. 42,858/- (Rupees Forty Two Thousand Eight Hundred and Fifty Eight) in terms of Section 73 (9) of CGST Act, 2017 read with Karnataka GST Act, 2017 and Section 20 of IGST Act 2017. The details of the above Order as required under Regulation 30 enclosed in the Annexure A.

A total of 116,842 shares changed hands on the counter till 01:43PM (IST)

Select sectors are getting their momentum back.

This has reference to Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (the 'Regulations').In accordance with the said Regulations, please find below the details of the scheduled meetings.

A total of 66,354 shares changed hands on the counter till 10:40AM (IST)

A total of 28,540 shares changed hands on the counter till 12:02PM (IST).

Neville Tata, 32, has been appointed as the new head of Star Bazaar, marking the emergence of the next generation of Tatas in the business. Neville, son of Trent Ltd chairman Noel Tata, previously served as a non-executive director at Trent Hypermarket and has now transitioned to a more active role. He joined Trent Ltd in 2016 and has managed successful brands such as Zudio.

A total of 48,011 shares changed hands on the counter till 01:49PM (IST).

On the technical charts, the RSI of the stock stood at 48.62.

The stock traded at a P/E multiple of 67.53, while the price-to-book value ratio stood at 8.9.

We refer to our letter dated August 14, 2023 wherein the Company had, in accordance with Regulation 30 read with para B of Part A of Schedule III of the Listing Regulations and SEBI Circular dated July 13, 2023, informed the Stock Exchanges about the pending litigations / disputes (Material Disclosure).This included information inter alia in relation to the Arbitration with Government of Goa (Tourism Department), with respect to lease of land admeasuring 3,00,000 sq.mts. or thereabouts (approx 74.15 acres) of Aguada plateau land at Goa. PFA an update on the same, details of which are attached herewith as Annexure A.

Intimation of issuance of duplicate share certificate(s)

A total of 26,220 shares changed hands on the counter till 11:52AM (IST)

While the under current of the market is still bullish but as corrections and consolidation are part of every bull market, it would be better that investors better be ready to deal with volatility at every point of time. If it comes due to international reasons then the initial part of any volatility is led by large caps, there is a higher probability that the large caps are able to stabilize much before any part of the market. But if it comes due to local reasons, then it is midcap which comes under pressure. If one is thinking of fresh exposure to the market it would be better to stick with large caps. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.

Indian Hotels Company (IHCL) is focusing on expanding its new businesses, including Ginger, Qmin, ama Stays & Trails, and the Tree of Life brand, to address India's diverse market and diversify revenue and non-linear revenue growth businesses. Puneet Chhatwal, managing director and chief executive, said the strategic rationale for new businesses is to address India's varied market and diversify IHCL's revenue and non-linear revenue growth businesses, capital light businesses, and those yielding high margins.

Pursuant to the provisions of Regulation 30 read with sub-para 20, Para A of Schedule III of the Listing Regulations, we hereby submit the disclosure regarding the Order passed by Office of the Deputy Commissioner of State Tax, Mumbai, levying a penalty of ? 2,62,296/- (Rupees Two Lakh Sixty Two Thousand Two Hundred and Ninety Six) in terms of Section 73 (9) of CGST Act and Maharashtra GST Act, 2017 and Section 20 of IGST Act 2017.The details of above order as required under Regulation 30 enclosed in the Annexure A.

A total of 28,689 shares changed hands on the counter till 10:56AM (IST).

As of 30-Jun-2024, promoters held 38.12 per cent stake in the company, while FIIs held 27.19 per cent and domestic institutional investors had 13.71 per cent.

A total of 73,518 shares changed hands on the counter till 01:08PM (IST).

As of 30-Jun-2024, promoters held 38.12 per cent stake in the company, while FIIs held 27.19 per cent and domestic institutional investors had 13.71 per cent.

If you are thinking why Bank nifty was amongst the indices which got hit maximum on Monday. The answer is simple, the first part of every correction is also led by large caps stocks and that too specifically the stocks from the sectors which have big ownership by FPI. The biggest FPI exposure is in banking and IT stocks and that is the reason why banking was hit. The other fact is, large caps are the one to bounce the first because the same FPI will come and buy large, though it might from a different sector. Also a correction which has emanated from global markets tends to be stronger, but also short lived. Yes, this is happening due to unwinding of the Japanese carry trade. But a simple point, unwinding of carry trade has a limit and when that gets over, probably the Indian market will be an out performer. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.

If you are thinking why Bank nifty was amongst the indices which got hit maximum on Monday. The answer is simple, the first part of every correction is also led by large caps stocks and that too specifically the stocks from the sectors which have big ownership by FPI. The biggest FPI exposure is in banking and IT stocks and that is the reason why banking was hit. The other fact is, large caps are the one to bounce the first because the same FPI will come and buy large, though it might from a different sector. Also a correction which has emanated from global markets tends to be stronger, but also short lived. Yes, this is happening due to unwinding of the Japanese carry trade. But a simple point, unwinding of carry trade has a limit and when that gets over, probably the Indian market will be an out performer. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.

A total of 168,162 shares changed hands on the counter till 12:07PM (IST)

Tata Electronics commenced the Bhumi pujan for a ₹27,000-crore semiconductor facility in Assam's Jagiroad. Expected to be operational by 2025, it will create 27,000 jobs. Assam's Chief Minister assured company support. A MoU with Tata firms was also signed for hotel infrastructure development in Kaziranga, including a new Taj Resort and Spa.

As food and beverage (F&B) sales now make up nearly 50% of operational revenue for some hotels in India, leading brands are adopting innovative F&B formats to enhance guest experiences. Top hotel chains are introducing global brands, Michelin-star chefs, and unique offerings like masala chai ice cream and Modbar coffee on tap.

Intimation for Loss of Share Certificate(s)

On the technical charts, the RSI of the stock stood at 57.02.

This has reference to Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (the 'Regulations').In accordance with the said Regulations, please find the details of the scheduled meeting.

A total of 32,454 shares changed hands on the counter till 01:09PM (IST)

Indian Hotels Company Limited (IHCL) announced the signing of a luxury hotel and boutique resort in Bahrain under the Taj brand. This is the first Indian hospitality brand in the kingdom. The Hamala resort will offer 251 rooms, dining options, a beach club, and wellness facilities, while the Downtown Seef hotel will feature 200 rooms, dining venues, and event spaces, enhancing Bahrain's tourism sector.

The Relative Strength Index of the stock stood at 60.35 on Wednesday.

Intimation for Loss of Share Certificate(s)

The Relative Strength Index of the stock stood at 61.18 on Tuesday.