"Zee is an undervalued stock despite the current issues with its promoters but one should stay away until there is greater visibility. The hotel industry, particularly urban consumption, is seeing a revival with corporate customers returning and increased pricing power. Stocks such as Chalet Hotels, Indian Hotels, EIH, and Lemon Tree are expected to continue performing well. "
Analysts have raised the price targets of some of the stocks since the beginning of August. These include REC, Zee Entertainment, Radico Khaitan, Sundram Fasteners, Welspun Corp, NCC, and Eris Lifesciences, among others, where consensus price targets have been raised by 10% to 25% earlier this month.
Sebi had barred Goenka from being director or key management personnel in any listed firm as he allegedly abused their positions in the company and siphoning off funds for their own benefit.
The Securities Appellate Tribunal (SAT) refused to provide an interim relief to former ZEE Enterprises chief, Punit Goenka, in Zee-SEBI case, reported ET NOW on Wednesday. It has given time to markets regulator, SEBI, till September 4, 2023, to file a reply on the matter. The next hearing has been scheduled for September 8, 2023.
Launch Credit Union is hosting a Food Drive at your Merritt Island Branch to benefit The Children’s Hunger Project.Launch Credit Union is hosting a Food Drive at the Merritt Island Branch to benefit The Children’s Hunger Project. Stop by to donate during branch hours and/or join the Launch staff on Friday, Sept. 1 from 11 a.m. to 2 p.m. The Launch Credit Union Merritt Island Branch is located at 415 Fortenberry Road and Burger Rob’s Food Truck will be parked there for to serve lunch.