News for EIH Associated Hotels Limited (EIHAHOTELS.NS)

Luxury hotels see record-high room rates in Q3 FY25, driven by strong domestic tourism demand.

Hotel and airline stocks plunged up to 6.4% as India confirmed three Human Metapneumovirus (HMPV) cases. The news revived COVID-era fears, triggering sharp declines in hospitality and aviation shares, with notable drops in The Indian Hotels Company and Interglobe Aviation.

Nifty concluded Monday's session on a neutral note, forming a Doji pattern on the daily charts. This indicates hesitation among investors, with neither bulls nor bears gaining a clear advantage. Despite this pause, the short-term trend remains positive.

Shares of EIH Associated Hotels, the flagship company of the Oberoi Group soared up to 9.4 per cent at Rs 925 per share

Prithvi Raj Singh Oberoi, Chairman Emeritus of the Oberoi Group, passed away on Tuesday morning, said media reports.In 2022, the Oberoi Hotels' patriarch, popularly known as 'Biki', had relinquished his positions as executive chairman of EIH Ltd and chairman of EIH Associated Hotels Limited.

Live updates on India's equity markets on Oct. 11.

Stocks to watch: Check out the companies making headlines before the opening bell today, on October 11, 2023.

Based on the OI percentage, 82 stocks were on the short-covering list. These included City Union Bank, MCX India, L&T Finance Holdings, ABB India, and Kotak Mahindra Bank

Buzzing stocks of IOC, Bharti Airtel, LIC Housing, Bank of Baroda, Jindal Steel & Power, Chemplast Sanmar, Eiko Life, CreditAccess, Granules India, Paris Defence, HDFC, SAT Industries, Jupiter Wagons, Rajoo Engineers, HDFC, Vedanta

Stocks to Watch on Tuesday: Multiplex firm PVR Inox Ltd, on Monday, reported a widening in consolidated net loss at Rs 333 crore for Q4FY23

The announcement came through a BSE filing from the company’s managing director and chief executive officer, Vikram Oberoi

Experts expect demand drivers to prove sustainable over the next couple of years and are positive about the prospects of the industry

Sensex and Nifty were in the green after having opened with losses earlier in the day.

Read more about Hotel stocks rally on heavy volumes; Chalet, Lemon Tree soar over 10% on Business Standard. While Q2FY22 witnessed a sharp rebound in revenues on a lower base, ICICI Securities expect a further recovery in revenues during Q3FY22E supported by healthy festive season travel demand.

BSE Sensex and NSE Nifty 50 soared 0.80% each on Friday morning, helped by global cues and RBI’s monetary policy decision to keep rates unchanged.

Trends on SGX Nifty indicate a positive opening for the index in India with a 45 points gain.

Stocks In the News: Check out the companies making the biggest headlines before the opening bell.

Nagaraj Shetti of HDFC Securities feels the short term trend of Nifty is choppy and similar movement could be expected for the next session.