EIH Ltd, part of the hotels & resort industry, rose more than 16% in a month to hit a fresh record high in August 2023 and chart patterns suggest that the rally may not be over yet, suggest experts. Short-term traders can look to buy the stock for a possible target in the range of … Read more
Indian market closed in the green for the seventh day in a row on Friday. The S&P BSE Sensex rose more than 400 points while Nifty50 closed above 18000 levels last week. Indian market remained closed on Monday on account of a public holiday. Sectorally, buying was seen in telecom, capital goods, utilities, public sector … Read more
Mahindra Holidays & Resorts’ focus on keeping its capital cost under control and ensuring that part of those savings are passed on to its customers have helped it keep its head above water even when Covid brought the hospitality industry to its knees. Synopsis Club Mahindra operates on a unique business model: customers have to … Read more
As India recorded a rise in Covid-19 cases, share prices of multiplex operators tanked big time on Monday, as investors saw their outlook deteriorating once again. India logged 4,518 new coronavirus infections on Sunday, which is more than double of what it recorded a couple of weeks back. An increase of 1,730 cases in the … Read more
IHCL is the market leader in terms of properties, the number of rooms, RevPAR and industry experience. Synopsis Indian Hotels Company Ltd (IHCL), owned by the Tata group, is a pioneer in luxury hotels. In 1903, the group started the iconic hotel that is today called The Taj Mahal Palace. The group now has more … Read more
PRS Oberoi, 93, popularly known as Biki, never had to go through the struggle undertaken by his father, the legendary Mohan Singh Oberoi who began his career as a lowly-paid employee at Simla’s Cecil hotel. But wealth apart, nothing else in life came easy for PRS, who had to work incredibly hard to expand the … Read more