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The Relative Strength Index of the stock stood at 67.92 on Friday.

A total of 621,404 shares changed hands on the counter till 01:24PM (IST)

The government has decided to exercise the green shoe option, where it will sell an additional 1.96% stake. Friday is the T+1 day, and retail investors are allowed to place their bids. About 10% of the offer is reserved for allocation to retail investors subject to the receipt of valid bids.

A total of 167,878 shares changed hands on the counter till 11:52AM (IST).

​And we expect to generate around Rs 2,000 crores or more of surplus for our capital providers which include our debt reduction, as well as dividend payout or equivalent to our shareholders. So, we expect to have our debt between Rs 5,000 to Rs 6,000 crores by the end of this fiscal and we stick to that kind of a range.

Promoters held 59.39 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 24.96 per cent and 3.29 per cent, respectively.

The rupee had earlier in the week hit around 81.70, where it once again saw intervention by the Reserve Bank of India, which could be weighing on speculators holding dollar short positions, traders said.

The Relative Strength Index of the stock stood at 48.26 on Friday.

“We opened five hotels. Another 15 are supposed to open in the next three quarters. And we opened 13 last year too. All these initiatives slowly will keep adding to both the top line, margin expansion and also benefit in times like this where demand outpaces supply in terms of the operating leverage of the owned assets.”

According to information available on NSE, the board earlier announced the sub-division (split) of equity shares in the ratio of 1:1. That means each share of the company with a face value of Rs 2 is split into two shares with a face value of Re 1 each. The firm had fixed the 28th of July as the ex-split date.