On the technical charts, the RSI of the stock stood at 49.64.

A total of 49,390 shares changed hands on the counter till 12:53PM (IST)

A total of 11,651 shares changed hands on the counter till 10:20AM (IST)

A total of 45,647 shares changed hands on the counter till 12:43PM (IST).

A total of 35,614 shares changed hands on the counter till 01:14PM (IST)

Indian Hotels Company (IHCL) has opened the Taj Guras Kutir Resort & Spa in Gangtok, Sikkim, as part of its expansion plans in the region. The 69-key resort, situated on 14 acres, showcases Sikkimese aesthetics and contemporary design. Each room features a unique Thangka, a local Buddhism-inspired painting.

"Zaggle has a major dependency on third parties and has faced negative cash flow and a decline in its profitability in recent years. The IPO valuation was also high. Investors should exit their positions, but those who want to hold for some gain should maintain a stop loss at 148," said Shivani Nyati, Head of Wealth, Swastika Investmart.

A total of 17,690 shares changed hands on the counter till 10:10AM (IST).

Promoters held 38.19 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 21.64 per cent and 19.27 per cent, respectively.

A total of 110,416 shares changed hands on the counter till 10:56AM (IST).

The 134-room Taj Hotel Hessischer Hof is centrally located in close proximity to the Frankfurt trade fair grounds - one of the largest conventions and meeting spaces in Germany.

A total of 69,657 shares changed hands on the counter till 11:52AM (IST).

“There is going to be a capital infusion of about Rs 20,000 to 22,000 crore in Indiabulls. And that would be at a significant premium and will be book value accretive. Post that, once there is a clean management and a substantial capital, they have a very decent book size.”

On the technical charts, the RSI of the stock stood at 52.48.

As of 30-Jun-2023, promoters held 38.19 per cent stake in the company, while FIIs held 21.64 per cent and domestic institutional investors had 19.27 per cent.

"Demand is outpacing supply in the hospitality sector and this trend will continue, leading to higher occupancy levels and increased average rates. The next two quarters will be positive for the sector, with good tailwinds from events like the G20 and Cricket World Cup, as well as the normalization of inbound tourism."

“The majority of the pipeline of hotels that are expected to open are not in the top 10 key metros, as per a report done by Harvard Consulting. More than 50% of the pipeline is in tier two, tier three cities, that means new destinations. If rates improve, the flow through improves, and if the flow through improves, obviously the profitability and cash flows improve.”

Selling on rallies seems to be the favoured strategy for traders in the Bank Nifty, unless the index provides a clear and decisive breakout above the 45,000 levels.

On the technical charts, the 200-day moving average of the stock stood at Rs 349.02.

The stock quoted a 52-week high price of Rs 425.85 and a 52-week low of Rs 272.3.

The Relative Strength Index of the stock stood at 70.02 on Monday.

On the technical charts, the 200-day moving average of the stock stood at Rs 347.32.

August 31, 2023, witnessed significant achievements in the Nifty 200 stocks as they reached new all-time highs, showcasing their growth potential and positive market sentiment.

The stock traded at a P/E multiple of 57.06, while the price-to-book value ratio stood at 5.77.

Indian Hotels Company, incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 60338.61 Crore) operating in Tourism & Hospitality sector.

The stock quoted a 52-week high price of Rs 408.4 and low of Rs 271.5.

The Relative Strength Index of the stock stood at 54.31 on Tuesday.

A total of 18,450 shares changed hands on the counter till 10:25AM (IST).

A total of 46,402 shares changed hands on the counter till 01:19PM (IST)

#INDHOTEL Indhotel in 4 Hours Time Frame

A total of 50,968 shares changed hands on the counter till 10:25AM (IST).

A total of 64,609 shares changed hands on the counter till 11:17AM (IST)

A total of 42,984 shares changed hands on the counter till 01:05PM (IST)

A total of 34,656 shares changed hands on the counter till 11:11AM (IST).

Rising demand, fueled by domestic interest, revived inbound tourism, and upcoming major events like the G-20 summit and the ICC Cricket World Cup, is contributing to this trend. Additionally, the room supply is expected to align with demand, benefiting existing industry players.

A total of 51,027 shares changed hands on the counter till 11:01AM (IST).

Actually it does not matter what is the share entitlement ratio and let me explain you why. See, this is a demerger where all the shareholders of ITC will have direct and indirect 100% economic ownership in the new ITC Hotels business. So what the company is doing is that they are demerging the ITC Hotels into a separate wholly owned subsidiary.

A total of 30,023 shares changed hands on the counter till 12:07PM (IST)

​​UK visa applicants in Bengaluru, Mangalore, and Visakhapatnam can now apply for their visas at the nearest Taj Hotel. The facility has already begun at the Vivanta Bengaluru in Whitefield, Vivanta Mangalore on Old Port Road, and The Gateway Hotel in Visakhapatnam. ​​

The stock quoted a 52-week high price of Rs 405.2 and low of Rs 263.45.

A total of 23,581 shares changed hands on the counter till 01:20PM (IST)

A total of 32,827 shares changed hands on the counter till 12:07PM (IST).

The company is also implementing efforts for bed additions to boost growth momentum over the next three to five years, said the note. It continues to evaluate the inorganic opportunities as well.

A total of 79,178 shares changed hands on the counter till 10:40AM (IST)

A total of 29,754 shares changed hands on the counter till 12:07PM (IST)

The stock quoted a 52-week high price of Rs 405.2 and a 52-week low of Rs 250.2.

The Indian earnings season is going well with about 33 Nifty companies delivering decent numbers. Despite the downgrade of the US rating by Fitch Ratings from AAA to AA+, there is no need to be too concerned as the broader trend for the Indian market is positive. The hospitality industry is looking particularly good with strong traction in occupancy and pricing.

​So, it is a cyclical change which can last for 5-10 years in terms of growth rates in utilities or power utilities.And as you know, the size of these markets is very-very large. We are looking at billions and billions of dollars of investment happening and there are only a few real good quality balance sheets in India who can actually deliver this.

Motilal Oswal is bullish on Indian Hotels recommended buy rating on the stock with a target price of Rs 440 in its research report dated July 27, 2023.

A boom in spiritual tourism is gathering strength in India. The Union tourism ministry data shows over 60% of tourism in India is in the religious and spiritual tourism category. Ministry data also suggests that economies surrounding places of worship in India raked in close to Rs 1.3 lakh crore in 2022, up from Rs 65,070 crore in 2021.

Sharekhan is bullish on Indian Hotels Company has recommended buy rating on the stock with a target price of Rs 450 in its research report dated July 27, 2023.

A total of 52,195 shares changed hands on the counter till 12:02PM (IST).

“We opened five hotels. Another 15 are supposed to open in the next three quarters. And we opened 13 last year too. All these initiatives slowly will keep adding to both the top line, margin expansion and also benefit in times like this where demand outpaces supply in terms of the operating leverage of the owned assets.”

A total of 162,011 shares changed hands on the counter till 10:30AM (IST)

Indian Hotels stock has given a return of 31.50 percent over the last six months.

ITC's hotel business has a stronger balance sheet compared to Indian Hotels, making a divestment of ITC's balance stake more valuable according to Chakri Lokapriya, CIO & MD, TCG AMC. While ITC will continue to hold a 40% stake, the new hotel business will have a cleaner balance sheet and royalties-like arrangements with other brands. Despite being at a multi-quarter low, Laurus Labs' management is confident about maintaining its FY24 guidance.

These events are driving positioning of India as a tourism hub, said Puneet Chhatwal, Managing Director & CEO, IHCL.

The outlook for the upcoming quarters remains strong with pace of demand driven by domestic consumption momentum, global events, and revival of international arrivals, said Puneet Chhatwal, Managing Director & CEO, IHCL.

The Indian Hotels Company Limited or one of its subsidiaries will purchase 100 percent equity of Pamodzi Hotels which has long term lease hold rights for Taj Pamodzi, Zambia, a luxury hotel.

The stock quoted a 52-week high price of Rs 405.2 and a 52-week low of Rs 250.2.

The Relative Strength Index of the stock stood at 55.23 on Wednesday.

Elon Musk's rebranding of Twitter to its product name, "X", may have caused the company to lose anywhere between $4 billion and $20 billion in value, according to brand experts and analysts. Musk's ambitious goal to turn Twitter into an "everything app" or super app has caused concern due to the firm's history of controversies and poor record of data privacy.

A total of 76,363 shares changed hands on the counter till 11:26AM (IST).

I tell you honestly we have moved to cash quite a bit now. We are almost 30% plus in cash at this point of time and we will wait to see what happens to the market.

On the technical charts, the RSI of the stock stood at 53.27.

The stock quoted a 52-week high price of Rs 405.2 and a 52-week low of Rs 248.3.

Promoters held 38.19 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 18.24 per cent and 22.29 per cent, respectively.

As of 31-Mar-2023, promoters held 38.19 per cent stake in the company, while FIIs held 18.24 per cent and domestic institutional investors had 22.29 per cent.

A total of 19,875 shares changed hands on the counter till time (IST).

The stock quoted a 52-week high price of Rs 405.2 and a 52-week low of Rs 241.4.

A total of 35,067 shares changed hands on the counter till 10:35AM (IST)

A total of 46,858 shares changed hands on the counter till 10:15AM (IST).

The expansion plan places the company well on track to achieve its vision of over 325 hotels by 2025.