Lenders have set a reserve price of ₹400 crore, implying a recovery of 61% on principal dues. Banks led by the Bank of Baroda have invited expressions of interest by December 22, and an e-auction is scheduled on December 23, according to a notice issued by lenders to asset reconstruction companies.

Going by the improvement seen in 1HFY2023, we do not see this derailing anytime soon,said Manish Jeloka, co-head of products and solutions at Sanctum Wealth Management. Given that Q3 is the strongest in terms of seasonality, we expect the momentum to sustain.

“In the midcap-smallcap side of the basket, sector wise, we like banks as a sector, we like capital goods or industrials and then of course auto and consumer discretionary. These are the four broad sectors that we like. When we look at banks, we are definitely looking at the tier two banks, the likes of Federal Bank and DCB, banks which make an interesting case and even a bank like Ratnakar Bank Ltd.”

ICICI Direct is bullish on EIH recommended buy rating on the stock with a target price of Rs 240 in its research report dated November 04, 2022.

Primary trend of EIH is positive as it is trading above its 50, 100 and 200 days EMA. We expect stock price to end consolidation and resume its uptrend in the days to come.

EIH has broken out from the symmetrical triangle on the weekly chart with higher volumes. It has broken out on the daily chart on Monday to close at five days high.

"According to the RBIs financial stability report for June, about 44% of the overseas funds raised by corporates are unhedged. Nevertheless, a weaker rupee is good news for exporters, especially IT companies. At this point, I think we should remember that some sectors are doing exceptionally well. FMCG companies have returned to double-digit growth this year. The auto sector is booming, with demand for new vehicles going through the roof. "

Now, it is starting the next leg of a rally where Rs 210 is an immediate multi-month resistance level. We are expecting a move towards the Rs 230 level if the stock manages to close above Rs 210. On the downside, Rs 175 is major support for any correction.

EIH was the second stock which rose 2 percent to Rs 199, the highest closing level since September 7 and formed bullish candlestick pattern on the daily charts, while Butterfly Gandhimathi Appliances climbed 7 percent to end at record closing high of Rs 1,708 and formed decent bullish candle on the daily charts.

EIH rose 4.3 percent to Rs 196.2 and formed bullish candle on the daily charts with above average volumes. It has seen a breakout of small down ward sloping resistance trend line adjoining September 7 and September 20, while it has respected the support trend line formed in last couple of weeks.

Leaner operating costs, increase in occupancy levels and average room rate reflect the strong uptick in the stock prices of Indian Hotels Company, EIH Ltd and Lemon Tree Hotels

EIH Ltd., incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 12082.04 Crore) operating in Tourism & Hospitality sector.

“Markets will receive a proposal to demerge ITC Hotel business very well. They have been clamouring for a demerger that could be a value unlocking opportunity with focussed management. Generally the outlook for hotel companies is pretty decent at this point of time post Covid and ITC hotels with its brand network and a decent track record will find many takers in the market. ”

Stocks that were in focus include names like EIH which was up over 11 per cent, Wockhardt rose more than 8 per cent, and Hindustan Foods rose nearly 6 per cent on Wednesday.

EIH was also in strong momentum, rising nearly 12 percent to Rs 201, the highest closing level since April 2, 2019. The stock has seen formation of robust bullish candle, which engulfed both previous red candles, and the Bollinger Band expanded on both the side and the closing was above the upper band of Bollinger Band. The volume was also strong.

Stocks that were in focus include Adani Enterprises which rose nearly 4 per cent, EIH which rallied nearly 18 per cent, and Bharat Electronics which hit a fresh 52-week high. Here's what Santosh Meena, Head of Research, Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today:

Astral rallied more than 6 percent to Rs 2,314.45 and formed strong bullish candlestick pattern on the daily charts with robust volumes, continuing uptrend for third consecutive session. It has decisively broken the long downward sloping resistance trend line adjoining January 17 and August 25 this year.

Nifty Bank has been outperforming Nifty for the last several weeks. The weekly chart shows a falling channel breakout, and the index has so far maintained its strength. Besides, the index has moved up after a brief consolidation, suggesting a possibility of an extended rally over the short to medium term.

ICICI Direct is bullish on EIH has recommended buy rating on the stock with a target price of Rs 185 in its research report dated August 02, 2022.

"The company has access to borrowing facilities worth Rs 530 crore, of which Rs 480 crore remained unutilised as on 30th June, 2022," EIH stated.EIH stated that the consequences of the Covid-19 outbreak on the companys and its subsidiaries business for the year ended 31st March, 2022 and 31st March, 2021 had been severe.

The tribunal observed that the department's case pertaining to alleged over-valuation is based on certain documents received from the UAE branches of Axis Bank, ICICI Bank and Bank of Baroda. However, the documents obtained by the department from foreign branches of the Indian banks were not certified as per the conditions prescribed under Section 138 C (4) of the Customs Act.

A formation higher bottoms on the weekly chart and last week's low at Rs 381 could be considered as a new higher bottom of the sequence for KEC International. Weekly 14 period RSI (relative strength index) showing positive indication. One may expect further strengthening of upside momentum in the stock price ahead

The hotel industry witnessed a demand revival in leisure and corporate travel, pushing up occupancies and leading to higher average room rate (ARR).​Players can command better ARR from pre-Covid levels, with travel making a strong comeback

"Multiplex industry being a highly sensitive sector, the possibilities of such reactions are inevitable. The recent rally was in anticipation of better business outlook on the back of subsiding Covid cases. However, the current spike in cases and reinstatement of restrictions forced investors to rethink the pace of such recovery.

ICICI Direct is bullish on East India Hotels has recommended buy rating on the stock with a target price of Rs 185 in its research report dated May 11, 2022.

Primary trend of EIH is positive as it is trading above its all important short term and long term moving averages. Momentum oscillators like RSI and MFI are placed above 60 and rising upwards, indicating strength in the current uptrend of the stock.

EIH Ltd., incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 9017.75 Crore) operating in Tourism & Hospitality sector.