Trade Spotlight | Your game plan for AAVAS Financiers, Oil India, Mahindra Holidays today
Oil India hit the highest level since November 2014 during the day and formed strong bullish candlestick pattern with long upper shadow on the daily scale, with robust volumes, especially after consolidation for more than a week.
Mahindra Holidays to invest Rs 1,000 crore to build resorts in Uttarakhand
With this investment, Mahindra Holidays & Resorts will more than double its footprint in Uttarakhand, with Club Mahindra already operating resorts in Jim Corbett, Mussoorie, Kanatal, and Binsar.
Mahindra Holidays to invest Rs 1000 crore in Uttarakhand
Mahindra Holidays & Resorts has signed an MOU with the government of Uttarakhand to invest Rs 1000 crore in building four to five resorts over the next few years in the state. The company aims to become a strategic partner of the state and expand its key count from 5000 to 10,000 by 2030.
Chart Check: After nearly 30% rally in 3 months, this resort stock breaks out from inverse head & shoulder pattern
The daily Relative Strength Index (RSI) is at 71.3. RSI above 70 is considered overbought. This implies that stock may show pullback, Trendlyne data showed. The daily MACD is above its center and signal Line, this is a bullish indicator.
How to value ITC Hotel business? Vishal Gada explains
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.
Hot Stocks | Bet on Mahindra Holidays, RITES, Coforge for decent returns in short term
A conclusive break above the 19,700 levels on Nifty, especially on a closing basis, would potentially open the path for further upward movement, with an eye towards the 20,000 mark.
Mahindra Holidays & Resorts India, incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 7170.09 Crore) operating in Tourism & Hospitality sector.
Stocks to buy today: 3 short-term trading ideas by experts for 20 July 2023
India VIX was down by 0.94% from 11.71 to 11.60 levels in the previous trading session. Volatility cooled off slightly and gave comfort to the bulls to cheer the indices at lifetime high zones. On the weekly options front, the maximum Call OI is placed at 20000 and then towards 19900 strikes while the maximum Put OI is placed at 19800 and then towards 19700 strikes.
Trade Spotlight | How to trade Sunteck Realty, PB Fintech, Mahindra Holidays today
Mahindra Holidays and Resorts India formed a bullish candlestick pattern with long upper shadow on the daily timeframe. The trading volume was robust and also there was a decisive breakout of downward sloping resistance trendline, which is a positive sign.
Buy Mahindra Holidays & Resorts India, target price Rs 400: ICICI Direct
Mahindra Holidays & Resorts India, incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 6434.17 Crore) operating in Tourism & Hospitality sector.
Aarti Drugs, ACC among 8 stocks which have crossed above their 50-day SMA
Crossing the 50-day Simple Moving Average (SMA) is seen as a positive signal in the stock market, indicating potential short-term market sentiment and a bullish trend. Several stocks, including Aarti Drugs, Alkem Laboratories, ACC, Solar Industries India, Star Health and Allied Insurance Company, Mahindra Holidays & Resorts.
"We are committed to take advantage of the tailwinds that are there in the leisure business. The branded leisure rooms in our country are only 28,000. If you were to compare that to Phuket and Bali, we are much smaller. Phuket would be about 40,000, while Bali would be above 60,000. We are so underserved and we believe there is a huge opportunity for us to increase the footprint in leisure hospitality," said Singh.
Hot Stocks | Hikal, Firstsource Solutions, Mahindra Holidays can fetch up to 22% returns
Smallcap index ended up forming “Harami” candlestick pattern on the daily charts, which creates some chances of resuming primary uptrend. However, confirmation will come by looking at the direction in which index opens on June 27.