Indian Hotels said that in FY18, management contract hotels formed around 33% of its overall portfolio, which has now increased to 46%
In the grey market on July 13, the shares were hovering around Rs 83, implying a premium of Rs 7 or 9%
The stock has skyrocketed 49% in the month of July alone from Rs 12,401.90 on June 30, 2021, to a new 52-week high of Rs 18,468.75 in today’s trade
Going by the grey market trends it seems that Zomato might see a muted listing as the issue is expensively priced
Barring the Nifty IT all other sectoral indices were trading in the green on the NSE
The RBI allowed SFBs and respective holding companies to apply for the amalgamation scheme ahead of the five year lock-in period
The market breadth was also positive as 1,179 stocks advanced on the BSE, while 797 declined and 341 remained unchanged
The grey market premium has almost halved to Rs 10.50 compared to Rs 18 when the company announced its IPO dates and price band.
D-Mart reported a jump of 132% standalone net profit at Rs 115.13 crore in Q1FY22 compared to Rs 50 crore in the year-ago period
In early deals, Sensex advanced 280 points or 0.53% to 52,665, while the Nifty 50 added 80 points or 0.52% at 15,770.