With the ongoing HMPV virus scare, airlines and hotel stocks crashed nearly 5 per cent on Monday following the government's release reporting two virus cases in India. In terms of hotel chains, TAJGVK Hotels & Resorts Limited, a joint venture between Indian Hotels Company Limited and the GVK Group, dipped 5.26 per cent to ₹421.85. Shares of Indian Hotels Company …
Nifty recovered from its jolt in November and has risen smartly ahead of the RBI policy meeting. A pullback to the trendline support level around 24,250-24,300 would be a good time to initiate long positions. Three stocks recommended by NeoTrader’s Raja Venkatraman: • TAJGVK: Buy at ₹364, stop ₹350, target ₹398 This counter has been seeing steady buying interest around …
Buy or sell stocks for today: Domestic equity benchmarks Nifty 50 and Sensex dropped nearly 1% in the previous session, dragged by a broad sell-off in banking, auto, and metal stocks. For Bank Nifty, the Prabhudas Lilladher expert added that the index's crucial support lies near the important 100-period MA at 49,600, which needs to be sustained; below it, the …
Shares of airline, retail and hospitality companies, which have stagnated since the beginning of the year, have perked up recently, as investors expect a rebound in their fortunes as more Indians get vaccinated. Stocks of entertainment companies PVR Ltd, Eros International Media and Inox Leisure, which are still in the red since the beginning of the year, have gained 9.5%, …
: Rating agency ICRA has downgraded TAJGVK Hotels & Resorts Limited long-term loans and short-term credit facilities. In a filing with stock exchanges on Monday, the ICRA downgraded TAJGVK Hotels long-term loans aggregating Rs 165.63 crore and short-term, fund-based limits. The companys earnings would be weak during Q2 FY 2021 and this trend is expected to continue over the next …