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The funds would be raised in one or more tranches. The company plans to monetise assets of the hospitality segment through Prestige Hospitality Ventures Limited, a wholly-owned subsidiary of the company, by way of the issue of shares (through primary or secondary markets or both).

Nifty has been favouring non-directional trades for the last few days. But the FII long-short ratio suggests that the FII short percentage in index futures has come down from 87% at the start of the series to 43% in the previous session. This trend hints at a significant short unwinding, says Rupak De.

Despite the Nifty index closing the shortened trading week with a slight increase of 0.4%, significant activity was observed in block deals. Over three dozen companies across various market caps saw block deals worth a total of ₹40,543 crore, involving both buying and selling.

According to Ace Equities data, Trent leads the pack with a 213% return in one year and a beta of 0.70. Zomato, the food delivery platform, and Bajaj Auto, the two-wheeler company, yielded 162% and 107% respectively, with one-year betas of 0.78 and 0.42.

The stock has failed to live up to its previous glory of jaw-dropping returns in the recent past. In the last six months, the shares rose 56% and are up about 42% in the last one-year period.

According to Trendlyne data, these stocks, belonging to different sectors, have the potential to rally by up to 25%

Bank Nifty reached a new high of 51,957 due to improved operational efficiencies, implementation of the Insolvency and Bankruptcy Code, and cautious lending practices by PSU banks. This sparked a rally in share prices, shifting the spotlight from private banks.

The overall market momentum is positive and investors are hunting for more opportunities to participate in the run.

Gold prices surged above ₹90,000 per kg in India and $30 per ounce internationally due to bets on potential interest rate cuts amid signs of a weakening US economy. However, further confirmation of cooling inflation is awaited before any rate cut decision.

​I mean there is obviously the broader structural kind of under penetration story behind it, but I think the sector had not done well in the last a couple of years because of these issues and both in terms of numbers but also in terms of the regulatory overhang.