Hotels stocks rally 4-15% after govt cuts corporate tax, GST rates The Council approved a cut in tax rates on rooms with a tariff of Rs 7,500 and above to 18 percent and those with tariff below Rs 7,500 to 12 percent. GST on room tariff below Rs 1,000 has been scrapped.
Lemon Tree Hotels climbs 3% after Motilal Oswal remains bullish; sees 41% potential upside The brokerage valued the stock at 18x FY21 EV/EBITDA and arrived at a target price of Rs 75 while maintaining buy call.
Tech Check: Contra view can be taken in RBL Bank; Nestle heading for Rs 14K We have collated a list of stocks that remained in focus on August 29 because of their price action. The technical outlook is limited to near and medium-term.
Stocks in the news: Tata Steel, Maruti Suzuki, HCL Tech, Aurobindo, HPCL, Bosch, Siemens Maruti Suzuki | HCL Technologies | Aurobindo Pharma | HPCL | Lemon Tree Hotels and Siemens are stocks which are in the news today.