News for EIH Limited (EIHOTEL.NS)

Ladhani Group to invest $1 billion in expanding beverage business, aiming to become a top global Coca-Cola bottler.

It didn't have a great stock market debut but analysts believe ITC Hotels, which was recently demerged from parent ITC, can double its market cap. Here’s why.

The Oberoi Group, in partnership with the Ladhani Group, announced two new luxury resorts in Rishikesh. One will be an 80-key Oberoi resort, and the other a 120-key Trident hotel. Managed by EIH Limited, these properties will feature design by Bill Bensley. Construction is set to begin in early 2026, aiming to enhance Rishikesh's hospitality landscape.

The projects include an 80-key luxury Oberoi resort carrying the "vilas" branding and a 120-key five-star hotel under the Trident brand.

Feb 14, 2025 / 09:30AM GMTNavin Agrawal - SKP Securities Ltd. - Analyst Good afternoon, ladies and gentlemen, and thank you for attending this virtual meeting.

ITC Hotels demerger concludes with listing, trading at discount, promising outlook, and potential selling pressure for passive funds.

ITC Hotels listing is set to take place on stock exchanges today, expected to debut between Rs 140-175 per share. Analysts predict strong future performance due to a zero-debt balance sheet, asset-light growth strategy, and robust expansion plans. ITC retains a 40% stake while the rest is held by its shareholders.

ITC Hotels listing, ITC shares: Following the listing of ITC Hotels, ITC shareholders are not expected to experience a material increase in value, as ITC's price will be adjusted to account for the holding company discount.

Indian markets closed higher Thursday, with Sensex gaining 115.39 points and Nifty up 50 points, driven by AI optimism, pharma gains, and UltraTech Cement's strong Q3 performance. Analysts anticipate cautious momentum ahead of the 2025 budget.

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.

ITC Hotels' stock price will be determined by the difference between ITC's closing price on Friday and the opening price discovered during the special pre-open session (SPOS) today.

The demerger of ITC Hotels will be effective from January 1. ITC shareholders on the record date of January 6 will receive one share of ITC Hotels for every 10 ITC shares. ITC Hotels will directly issue equity shares, and a special trading session will be held to determine its fair price.

ITC Ltd acquires stakes in EIH Limited and HLV Limited, strengthening its presence in luxury hospitality market.

Shares of luxury hospitality company EIH Limited will be in focus on Thursday after ITC acquired a 2.44% stake in the company, representing over 1.5 crore equity shares. Additionally, ITC purchased a 0.53% stake in HLV Limited, equivalent to 34.60 lakh equity shares. EIH is part of The Oberoi Group, while HLV is associated with The Leela Mumbai. The acquisitions come as ITC announces a demerger of its hotels business.

Nov 22, 2024 / 06:30AM GMTNavin Agarwal - SKP Securities Limited - Analyst Good afternoon, ladies and gentlemen, and thank you for attending this virtual meetin

ITC said that the performance was “resilient” amidst a challenging operating environment. Subdued demand conditions, unusually heavy rains in parts of the country, high food inflation, and a sharp escalation in certain input costs were witnessed during the quarter.

ACE is seen testing its 200-DMA after 2 years, while TMB after 5 months; rest of the smallcap stocks were consolidating around the 200-DMA for more than a month now; check bullish, bearish stocks here

Union Bank of India, Avenue Supermarts (DMart), CCL Products, FSN E-Commerce Ventures and Tata Power among 9 NSE stocks with bullish MACD crossover on the daily charts.

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.