News for HLV Limited (HLVLTD.NS)

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.

In the Nifty 50 index, 4 stocks ended in the green, while 46 stocks closed in the red in today's trade.

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.

The NSE Nifty index closed 163.71 points up at 25127.95

The Nifty Bank index closed 0.03 per cent down at 51007.0.

The Nifty IT index closed 0.55 per cent up at 42622.75.

Maan Aluminium, Dhani Services, Keynote Financial, ADF Foods and Thangamayil Jewellery, hit their fresh 52-week highs during the day.

ITC, Nestle India, HUL, Britannia and ONGC were among the top losers on NSE in today's trade.

Dhani Services, Sambhaav Media, Keynote Financial, ADF Foods and Lloyds Metals, hit their fresh 52-week highs at 11:09AM.

The Nifty Realty index was trading 2.3 per cent up at 1053.6.

The Nifty Bank index was trading 0.94 per cent up at 51501.15.

The Nifty Pharma index closed 0.51 per cent down at 22977.8.

Adani Ports SEZ, BEL, NTPC, Coal India Ltd and SBI were among the top losers on NSE in today's trade.

AstraZeneca, Visa Steel Ltd, Diffusion Engineers, Ujaas Energy and Power & Instrument, hit their fresh 52-week highs during the day.

The Nifty Pharma index closed 0.23 per cent up at 23188.4.

The Nifty Bank index closed 0.25 per cent down at 53968.6.

Shah Alloys, Sonam Clock, S H Kelkar & Co., AstraZeneca and Chaman Lal Setia, hit their fresh 52-week highs during the day.

SBI Life, HUL, Grasim Inds., UltraTech Cem. and Shriram Finance were among the top losers on NSE in today's trade.