Hot stocks for next week: Domestic equity market closed lower on Friday amid mixed global cues. Adani Group, Hindalco, Tata Metaliks, Nykaa among hot stocks next week (August 14-18). Watch this Business Today Visual Story to know more.
Vedant Fashions: Ravi Modi Family Trust, acting through its trustee, Modi Fiduciary Services, is one of the promoters. It has proposed to sell up to 1,69,94,600 shares on May 18 for non-retail investors.
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.
Shares of Vedant Fashions ended higher on Friday after financial services firm Motilal Oswal initiated coverage on the ethnic wear firm. It assigned a buy call to the company with a 27% upside at Rs 1,400 against the Wednesday's close of Rs 1099.65 on BSE. In the current session, Vedant Fashions shares hit an intraday high of Rs 1165 , rising 5.36% on BSE. Earlier, Vedant Fashions stock opened 2.77% higher at Rs 1136.35 on BSE. Vedant Fashions shares have gained 18.19 per cent in one year but lost 14.56 per cent since the beginning of this year. Market cap of Vedant Fashions stood at Rs 27,700 crore on BSE. Total 6093 shares of the firm changed hands amounting to a turnover of Rs 68.93 lakh in today's session.
Vedant Fashions shares have gained 17.75 per cent in one year and lost 17.21 per cent since the beginning of this year. Market cap of Vedant Fashions stood at Rs 26,844 crore on BSE.