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As of 31-Mar-2023, promoters held 63.9 per cent stake in the company, while FIIs held 26.0 per cent and domestic institutional investors had 2.71 per cent.

Nine small-cap BSE-listed companies have reached their 52-week highs. The companies are in a diverse range of sectors, including packaged food, microfinance, breweries and distilleries, specialty chemicals, healthcare, industrial machinery, electrical equipment, and renewable energy generation. Investors need to consider factors such as financial performance, market trends, industry dynamics, and company strategies before making any investment decisions. Although past performance does not guarantee future results, these companies reaching their 52-week highs align with their resilience, innovation, and market opportunities.

A total of 583,234 shares changed hands on the counter till 01:49PM (IST)

The Relative Strength Index of the stock stood at 62.16 on Thursday.

Real estate and manufacturing sectors outperformed cyclical sectors in the first half of 2023 in India. The realty sector registered about 20% returns in January-June 2023, against negative results of 19% in the same period last year, with the residential segment recording significant sales and sales launches during the same period. The S&P BSE Capital Goods index rose 20% from June 2022, riding on the government’s focus on infrastructure and local manufacturing. Meanwhile, the power and oil and gas sectors saw almost no gains as the S&P BSE Power index dipped by 9%, while the S&P BSE Oil and Gas index saw a fall of over 10%.

I think we are at least four years away from demand and supply catching up. The reason being hotels are a brick-and-mortar business which take time to develop and from announcing a hotel to actually opening it to guests can be anywhere between four to seven years depending on how efficient the organisation is in developing the hotels. So, we have got a fair length of runway, four years at least.

Nifty has witnessed a rise of approximately 4% in the year 2023 so far, and among the Nifty50 pack, 39 stocks have shown positive returns but there are still 11 stocks that continue to trade below their 2022 levels.

As of 31-Mar-2023, promoters held 30.3 per cent stake in the company, while FIIs held 20.57 per cent and domestic institutional investors had 14.94 per cent.

The stock traded at a P/E multiple of 17.63, while the price-to-book value ratio stood at 1.61.

The Relative Strength Index of the stock stood at 79.44 on Thursday.