News for Viceroy Hotels Limited (VICEROY.BO)

The Hyderabad bench of NCLT approved JEPL's acquisition of Leo Meridian Infrastructure Projects & Hotels Ltd, which owns Leonia Resorts, for Rs 237 crore. The company had liabilities of Rs 2,218 crore, and the successful bidder proposed an additional Rs 90 crore for renovation. Secured creditors unanimously agreed to the resolution plan.

Adani Ports SEZ, Adani Ent., ONGC, NTPC and SBI were among the top losers on NSE in today's trade.

Heritage Foods, E2E Networks, Ujaas Energy, Viceroy Hotels and TCI Finance, hit their fresh 52-week highs during the day.

The Nifty Auto index closed 3.33 per cent down at 23193.3.

The Nifty Pharma index was trading 1.08 per cent down at 18660.4.

E2E Networks, Ujaas Energy, Viceroy Hotels, TCI Finance and Heritage Foods, hit their fresh 52-week highs at 10:50AM.

The Nifty IT index was trading 0.06 per cent down at 32492.75.

With a sharp rally of 3,663%, Spright Agro is the top gainer in the list. Shares of the company traded at Rs 35.84 on May 6, 2024, against Rs 0.95 exactly two years ago

The Nifty Bank index was trading 0.09 per cent up at 48106.45.

Shares of Viceroy Hotels Ltd. resumed trading on the bourses at a premium of over 4% after emerging from a corporate insolvency resolution process. The stock was trading 4.86% higher at Rs 3.67 per share on the BSE, compared with a 0.31% decline in the benchmark Sensex as of 10:01 a.m. Anirudh Agro Farms Ltd. had been the successful resolution applicant of the CIRP.

The mined metal production of Hindustan Zinc for the quarter ended March FY24 declined 1 per cent YoY to 299 kt, but the same increased 11 per cent on a sequential basis,

Viceroy Hotels resumes trading post CIRP process, plans expansion amid booming hotel industry with strong demand and growth.

Stock Market today | Share Market Live Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 10 August, 2023.

Shares of EIH were also over 6 per cent at Rs 171.30. Likewise, Thomas Cook (India) traded 3.57 per cent higher at Rs 74 at around the same time. Some of the other tourism-related stocks including Lords Ishwar Hotels, Viceroy Hotels and Lemon Tree also gained over 3 per cent in the morning trade.

While Sensex and Nifty lagged, as many as 107 stocks on the BSE rose to touch new 52-week highs while 28 were down at new lows.

While bulls were in control, 71 stocks on BSE soared to fresh 52-week highs while 23 scrips were at new lows. Some of the marquee names at fresh highs include ITC, Chalet Hotels, Siemens, and many more.

The overall chart pattern indicates small upside for the short term, but the higher possibility of Nifty reversing down from 17,700-17,750 levels in the next couple of sessions. Immediate support is placed at 17,450 levels, says Nagaraj Shetti of HDFC Securities.

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

Nagaraj Shetti of HDFC Securities says the Nifty's underlying short-term trend continues to be positive with rangebound action.