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​Indian Hotels achieved the highest revenue growth of 86.4% YoY for Q4FY23, outperforming the hotels and tourism sector by over 45 percentage points.

Reliance has done something in the near term but nothing compared to what it did in 2020. Last three years have been in consolidation. And one of the major reasons why it is not performing is that it made a promise to investors of going zero net debt

The Nifty Realty index was trading 1.18 per cent up at 489.7.

The stock quoted a 52-week high price of Rs 4624.35 and a 52-week low of Rs 3310.0.

Aditya Birla Capital shares rose 3% to reach a 52-week high of INR176.5 on BSE after the company announced it will raise INR1,250 crore ($167m) through a preferential issue of shares to its promoter and promoter group firms. The funds raised would be deployed towards augmenting the capital base, improving the solvency margin and leverage ratio, fulfilling growth and funding requirements as well as for making investments in one or more subsidiaries/associates/joint ventures of the company. The company plans to seek shareholder approval for the preferential issue in an extraordinary general meeting on 24 June.

We are recommending SAIL, largely because coking coal prices have come down significantly, plus iron ore cost inflation would also not impact them.

If you look at for next couple of years, we will be able to grow book by about 17-18%. In terms of disbursement, it will be about 22%. I think that is the guidance what we would like to give.

Glenmark Pharmaceuticals, incorporated in the year 1977, is a Mid Cap company (having a market cap of Rs 17229.19 Crore) operating in Pharmaceuticals sector.

On the technical charts, the RSI of the stock stood at 68.76.

Zomato shares rose over 7% after news of an investor meeting and Jefferies’ Christopher Wood including Zomato in his India long-only portfolio. The company trimmed losses in the January-March quarter and increased revenue by 70% YoY, with consolidated revenue of INR 2,056 crore. Following these results, Emkay and Goldman Sachs both issued "Buy" ratings on the stock. ONDC’s revision of incentives and discounts in the food industry has also given a boost. Despite underperforming the Nifty50 over the last year, Zomato shares have risen over 18% for YTD and are near their IPO issue price.