Shares of TAC Infosec hit an upper circuit of 10 per cent to Rs 530.05 on Thursday, commanding a total market capitalization of more than Rs 555 crore.
Kedia brought his stake to 1% in Mahindra Holidays & Resorts India in the previous quarter. Kedia may have exited the stock in Q3 or brought his stake below 1%. He held 1.02% of the company as of September 30, 2023.
Favourable demand-supply dynamics and increasing average room rates (ARR) in India s hospitality industry have led Kotak Institutional Equities to revise upward the sector s FY25E EBITDA. The brokerage firm raised fair values of Indian Hotels Company, Chalet Hotels, Lemon Tree, and Samhi Hotels.
Vijay Kedia portfolio: Vijay Kedia booked some profit in Patel Engineering in the March quarter of the previous financial year. The stock fell over 5 per cent in the March quarter.