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Brigade Hotel Ventures, the hospitality division of Brigade Enterprises, a real estate firm with its headquarters in Bengaluru, hopes to see mid- to high-teens growth in average room rate (ARR) in the second half of this year. The forthcoming wedding season, conferences, and a consistent increase in corporate travel will all contribute to the expansion.

Knowledge Marine | Gets LoI For An Order Worth ₹386 Cr From VO Chidambaranar Port

Mark Matthews of Bank Julius Baer & Co believes India’s fundamentals remain solid, but global investor attention is currently shifting toward China. According to him, India’s earnings outlook is improving thanks to tax cuts, fiscal measures, and lower interest rates. “I do believe the earnings will be higher than what the consensus forecasts,” he said.

On Monday, October 27, SBI Cards and Payment Services Ltd.’s stock fell 5% as a result of the company’s September quarter results, which fell short of market expectations.

Higher operating costs and decreased interest income had an influence on the company’s performance, but positive growth prospects and reduced credit costs may help to stabilise the mood moving forward.

Expect reported GRM at $6.5/bbl, Co’s EBITDA to improve QoQ & YoY due to better refining margins

Dharmesh Kant, Head Research, Chola Securities

On hotel stocks: “Hotels are particularly well placed. ITC Hotels being there and Taj GVK Hotels & Resorts or EIH Limited, one can look from the valuation perspective, which is comparatively cheap compared to their peers. So, this is a sector, which we think for next two quarters is a healthy investment trading bets can be played out.”

On Reliance Industries: “Reliance Industries happens to be our top Diwali pick, from this December to next December. If you are holding it for two to three-year kind of a play, yes, the discounting of AI vertical and new energy comes into play. So, it’s definitely multi mega to my mind; double x from where we are, but from a one-year perspective, we are pencilling in a target of Rs 1,650 for Reliance Industries.”

Disclaimer:

Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

As the Nifty 50 index rises, here are the top contributors to the index.

Reliance up over 2% after Reliance Intelligence incorporates JV with Meta, Reliance Enterprise Intelligence in India

SBI Life up over 3% after co posts Q2 results in-line with est, new biz premium up 27.5% YoY

Dhiraj Agarwal, Ambit Investment On CNBC-TV18 

Digant Haria, GreenEdge Wealth On CNBC-TV18  

Rupee Opens At 87.86/$ Vs Friday’s Close Of 87.84/$

Sudhir Singh, CEO, Coforge speaks to CNBC-TV18

Hindustan Copper up over 2% as copper hits record high

NCC up over 2% after the company bags a major order from Central Coalfields worth ₹6,829 cr.

Bharat Rasayan down over 7% after co announces bonus issue, 2:1 stock split

Coforge up nearly 5% after Q2 profit beat estimates

Market opens flat; Nifty opens near 25,850

Sudarshan Sukhani, Technical Trends

Buy Vedanta with a stop loss of ₹485

Buy PI Industries with a stop loss of ₹3,510

Buy Siemens with a stop loss of ₹3,100

Mitessh Thakkar, Bonanza Portfolio

Buy Oberoi Realty with a stop loss of ₹1,670 and a target of ₹1,765

Buy Asian Paints with a stop loss of ₹2,479 and a target of ₹2,550

Buy Indus Towers with a stop loss of ₹358 and a target of ₹378

Sell Supreme Industries with a stop loss of ₹4,070 and a target of ₹3,850

Here’s a list of stocks in focus going into trade today

Here’s a list of stocks in focus going into trade today

Here’s a list of stocks in focus going into trade today

Here’s a list of stocks in focus going into trade today

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