Blue Jet Healthcare, a pharma company, is selling its shares in the range of Rs 329-346 apiece with a lot size of 43 shares to raise up to Rs 840.27 crore.
Hotel companies, which have experienced substantial share price gains in the past six months, are not only expected to post robust revenue growth in the seasonally weak July-September quarter (second quarter, or Q2) of 2023-24 (FY24), with the trend continuing in the second half (H2) of FY24, but according to some analysts, they will also benefit from a structural uptrend in progress.
To begin with, larger players in the listed hotel sector are expected to report strong growth in Q2 compared to the year-ago quarter.
Led by higher demand from the business segment, the sector is expected to achieve a growth rate of 15-30 per cent.
India Story Intact But Broader Markets May Move Sideways For Rest Of FY24 menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
External factors were largely supportive of Indian markets through CY23. This fuelled strong FPI flows after an extended period of stress. However, renewed global headwinds over the last couple of months have weighed on Indian markets which .