Shares fell on Tuesday, dragged by high-weightage financials and information technology stocks and as consolidation continued in the holiday-truncated last week of the financial year.
Shares of KPR Mill have corrected nearly 9% from their recent high, providing a good opportunity for investors to enter the textile market, says brokerage firm Sharekhan.
The company withstood an unfavorable cotton-yarn cycle more efficiently across the value chain compared to its peers as vertical integration helped maintain a stronghold over quality.
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Nuvama initiated coverage on Royal Orchid Hotels citing its favorable demand-supply of rooms led by 7.8 per cent CAGR in travel and tourism over FY22–32E against a supply of 4.6 per cent.