Shares of EIH (Oberoi group hotels) surged over 7.7% to Rs 175, while shares of Indian Hotels rose 7.6% to Rs 323.4 on BSE. HLV and Mahindra Holidays also gained up to 5%.

On Friday, Siyaram Silk's shares were trading marginally higher in morning deals at Rs 538.90 on NSE. So far this year, the scrip has seen a flattish growth at the bourses. However, in the last one year, the stock has risen nearly 19%.

“The group's four major businesses – auto, farm, Tech Mahindra and Mahindra Finance, are really in a very strong growth phase and will contribute a tremendous amount of growth to the group.We also have three listed entities which are growth gems -- logistics, life spaces and holidays – and a few others that will contribute very solidly to the growth as well.

Uniparts India will be listed at bourses on Monday. Its Rs 835.6 crore IPO was open was open between November 30 and December 2, sold in the range of Rs 548-577. It issue was overall subscribed more than 25.3 times.

​The S&P BSE Sensex topped 63,000 while the Nifty50 also hit 18,700 levels on Wednesday.

The company had posted a consolidated profit after tax of Rs 59.76 crore in the same period last fiscal, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a regulatory filing.Consolidated revenue from operations during the quarter under review stood at Rs 598.36 crore against Rs 546.4 crore in the year-ago period, it added.

Mahindra Holidays & Resorts India Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 5704.14 Crore) operating in Tourism & Hospitality sector.

“Whether it is OEMs or ancillaries, a lot of stocks make a lot of sense. One might consider Maruti or M&M which are the top end OEM players in the space. We like M&M more as it is relatively unleveraged and has a bunch of ancillary arms. They are also the holding company for Tech Mahindra, Mahindra Holidays, Mahindra Life and have a defence manufacturing setup as well.”

“IRB and Adani are best placed to gain from this new shift in format from HAM and EPC to asset ownership. We believe that IRB should do very well from this. Additionally, because of the private InvITs, they are able to leverage their balance sheet and within the InvITs also, there is a lot of repricing going on because the thoroughfare and the traffic numbers and the servicing of the debt is very strong.”

For Dussehra week, flight searches have risen 25-30 percent for leisure travel as compared to last year and there is high train search volumes for Dussehra, Deepawali, and Chhath travel in the first and the last two weeks of October.

Shares of Mahindra Holidays on Tuesday gained close to 9 per cent and scaled their fresh 52-week high of Rs 313.6 per share. The scrip has logged the biggest single-day gain since March 22, 2022. Volumes at the counter rose over three times the 10-day average trading volume. The scrip in a months time has zoomed 18 per cent.

Mahindra Holidays & Resorts India Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 5869.67 Crore) operating in Tourism & Hospitality sector.

"Two names which look set for a breakout from hotel sector are Mahindra Holidays and Chalet Hotels"

“As long as Nifty stays below the hurdle of 17,500 levels, there is a possibility of muted movement in the market. A sustainable move above 17,500 could open the next upside targets of 17,800-17,900 levels in the near term. Immediate support is placed at 17,200 levels,” he said.

Overall it was a week where we saw a bit of consolidation and now we are forming a new range. For the last three, four sessions we have made bottoms around the 17150 to 17200 mark and recovered from those lows every time while 17500 is acting as a resistance.

Bookings are expected to gain further momentum from Monday. August 11-15 is being touted as one of the longest weekends of the year with travellers looking to be off from Rakhi on Thursday till Independence Day on Monday, and restaurants, hotels and travel companies have launched special offers and deals.

ITC, Varun Beverages, UPL, Zomato, Max Financial, Escorts Kubota, Kansai Nerolac, The Ramco Cements, Carborundum Universal, Alkyl Amines, Castrol and PSB are among the companies that will announce their earnings for the quarter ended June 2022.

The company had posted a consolidated loss after tax of Rs 21.4 crore in the same quarter last fiscal, the company said in a regulatory filing.

He was inducted to the board of Mahindra & Mahindra (M&M) in August 1992 and resigned as Executive Director in March 2010 to focus on the social sector and create a favourable ecosystem for senior citizens. He continued as a non-executive director of M&M from April 2010 till August 2014.

MHRIL had also recently won a bid for public-private partnership (PPP) project in Himachal Pradesh (Janjehli, Mandi district) and the work on upgradation of the resort should commence soon, said the company Chairman Arun Nanda. "The company is continuously looking at acquisition and lease opportunities and there are several proposals in the pipeline," Nanda said.

"I am not sure whether I should say that the worst is over and the best is ahead of us. We are sitting ahead of a potential Russian default in the international bond market. It already could not pay on Friday and going forward, they get a month to cure the default and there are two more bonds coming up at the end of June. In the face of that, it's a little premature to celebrate.”

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.

Primary trend of HSIL is positive as it is trading above its all short and long-term moving averages. Momentum oscillators like RSI and MFI are placed above 60 and rising upwards, indicating strength

"We are on course to close the year with an inventory of 4,500 rooms. We are adding a little over 300 rooms to our existing properties at Assonora in Goa and Ganapatiphule in Maharashtra," said Kavinder Singh, MD and CEO of Mahindra Holidays.