< -5%

-5% to -3%

Escorts Kubota

Indo Farm Equip

-3% to 0%

VST Tillers

0% to 3%

3% to 5%

HDFC Bank and IndusInd Bank fell, dragging Bank Nifty below 60,000 level, 10 out of 14 Bank Nifty stocks traded in the red, showing broad selling pressure, PSU Bank index snapped 7-day gains, led by Bank of Baroda's decline

* HDFC Bank and IndusInd Bank fell, dragging Bank Nifty below 60,000 level
* 10 out of 14 Bank Nifty stocks traded in the red, showing broad selling pressure
* PSU Bank index snapped 7-day gains, led by Bank of Baroda's decline

HDFC Bank and IndusInd Bank shares fell, dragging the Bank Nifty index below 60,000, with 10 of 14 constituents in the red. The PSU Bank index also declined, ending a 7-day gain streak. Key resistance and support levels were highlighted by analysts.

shorts/business/bank-nifty-trades-below-60k-psu-bank-index-snaps-7-day-gains-key-levels-to-watch

* HDFC Bank and IndusInd Bank fell, dragging Bank Nifty below 60,000 level
* 10 out of 14 Bank Nifty stocks traded in the red, showing broad selling pressure
* PSU Bank index snapped 7-day gains, led by Bank of Baroda's decline

Shares of HDFC Bank, IndusInd Bank among others declined on Wednesday, dragging the Bank Nifty index lower.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/hdfcbank/HDF01">HDFC Bank</a> extended its fall for the third straight session, slipping 5.5 percent over the past three days. <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/indusindbank/IIB">IndusInd Bank</a> also declined more than 2 percent, snapping the gains recorded in the previous session. Both stocks were among the top laggards on the Bank Nifty index.

The Bank Nifty slipped below the 60,000 level to touch an intraday low of 59,771.95. The index reversed the previous day’s gains and was trading lower by over half a percent.

Out of the 14 constituents of the index, 10 were trading in the red, reflecting broad-based selling pressure in banking stocks.

Commenting on the technical outlook, Sudeep Shah, head of technical and derivatives research at SBI Securities, said the Bank Nifty had outperformed frontline indices on Tuesday and formed a bullish candle with a minor upper shadow.

He said the 60,400–60,500 zone would act as an important resistance level for the index. A sustained move above 60,500 could lead to a further upside towards 61,100, followed by 61,600 in the short term.

On the downside, the 59,700–59,600 zone is expected to act as a key support area, Shah added.

The PSU Bank index also snapped the 7-day gains to decline up to 1 percent in trade today.

Bank of Baroda was the major laggard in the index, declining up to 0.62 percent.

Bank of India and Punjab National Bank declined 0.23 percent and 0.08 percent, respectively.

<em><strong>Disclaimer:</strong> The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.</em>

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Bank Nifty trades below 60k, PSU Bank index snaps 7-day gains; key levels to watch

Shares of HDFC Bank, IndusInd Bank among others declined on Wednesday, dragging the Bank Nifty index lower.

HDFC Bank extended its fall for the third straight session, slipping 5.5 percent over the past three days. IndusInd Bank also declined more than 2 percent, snapping the gains recorded in the previous session. Both stocks were among the top laggards on the Bank Nifty index.

The Bank Nifty slipped below the 60,000 level to touch an intraday low of 59,771.95. The index reversed the previous day’s gains and was trading lower by over half a percent.

Out of the 14 constituents of the index, 10 were trading in the red, reflecting broad-based selling pressure in banking stocks.

Commenting on the technical outlook, Sudeep Shah, head of technical and derivatives research at SBI Securities, said the Bank Nifty had outperformed frontline indices on Tuesday and formed a bullish candle with a minor upper shadow.

He said the 60,400–60,500 zone would act as an important resistance level for the index. A sustained move above 60,500 could lead to a further upside towards 61,100, followed by 61,600 in the short term.

On the downside, the 59,700–59,600 zone is expected to act as a key support area, Shah added.

The PSU Bank index also snapped the 7-day gains to decline up to 1 percent in trade today.

Bank of Baroda was the major laggard in the index, declining up to 0.62 percent.

Bank of India and Punjab National Bank declined 0.23 percent and 0.08 percent, respectively.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

CMS Info Systems wins Rs 1,000-crore SBI contract for ATM managed services, Shares jumped nearly 7 percent, hitting a two-month high at Rs 365 apiece, 10-year contract covers 5,000 SBI ATMs, starts January 2026

* CMS Info Systems wins Rs 1,000-crore SBI contract for ATM managed services
* Shares jumped nearly 7 percent, hitting a two-month high at Rs 365 apiece
* 10-year contract covers 5,000 SBI ATMs, starts January 2026

CMS Info Systems shares jumped nearly 7% after winning a Rs 1,000-crore, 10-year contract from SBI to manage 5,000 ATMs across India, boosting revenue and strengthening their partnership. The stock hit a two-month high following the announcement.

shorts/business/cms-info-systems-shares-jump-7-to-hit-over-2-month-high-on-rs-1-000-crore-sbi-contract-win

* CMS Info Systems wins Rs 1,000-crore SBI contract for ATM managed services
* Shares jumped nearly 7 percent, hitting a two-month high at Rs 365 apiece
* 10-year contract covers 5,000 SBI ATMs, starts January 2026

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/software/cmsinfosystems/CIS03">CMS Info Systems</a> jumped nearly 7 percent after the company announced that it has won a landmark Rs 1,000-crore contract from the State Bank of India (SBI).

CMS Info Systems shares rose to Rs 365 apiece on Wednesday, snapping a two-session losing streak. Notably, the stock is trading at the highest level in two months.

CMS Info Systems today announced that it has been awarded a Rs 1,000-crore contract from <a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/statebankindia/SBI">SBI</a>, the first such direct large PSU bank cash outsourcing contract covering Rs 5,000 bank-owned ATMs across India.

The 10-year contract which goes live in January 2026 will include managed services, improving cash efficiency, and delivering higher ATM uptime to benefit millions of bank customers, the company said.

CMS Info Systems added that this win marks a clear preference for integrated solutions in bank outsourcing. “This contract further strengthens the long‑standing relationship between CMS and SBI, building on CMS’s partnership with the bank through large and complex projects, including multi‑vendor software solution (ALGO MVS™), vision AI solution HAWKAI™, and managed services for ATMs,” it added.

Speaking about the development, the company’s Chief Business Officer Anush Raghavan said, “This landmark ₹1,000 crore, 10-year contract from SBI will deliver incremental revenue growth of ₹500 Cr. A large part of India’s ATM channel was disrupted in 2025, and we have played an active role in helping stabilize ATM operations for many banks. This long-term contract will provide stability and high-quality services to millions of consumers with seamless self-service banking.”
<h3><strong>CMS Info Systems share price:</strong></h3>
The shares rose more than 2 percent in the past five days, but fell around 33 percent in the past six months. The stock declined nearly 29 percent in the past one year.

The stock currently has a P/E ratio of 14.98.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-suggests-a-negative-start-asia-down-us-markets-gain-liveblog-13760276.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

CMS Info Systems shares jump 7% to hit over 2-month high on Rs 1,000-crore SBI contract win

The shares of CMS Info Systems jumped nearly 7 percent after the company announced that it has won a landmark Rs 1,000-crore contract from the State Bank of India (SBI).

CMS Info Systems shares rose to Rs 365 apiece on Wednesday, snapping a two-session losing streak. Notably, the stock is trading at the highest level in two months.

CMS Info Systems today announced that it has been awarded a Rs 1,000-crore contract from SBI, the first such direct large PSU bank cash outsourcing contract covering Rs 5,000 bank-owned ATMs across India.

The 10-year contract which goes live in January 2026 will include managed services, improving cash efficiency, and delivering higher ATM uptime to benefit millions of bank customers, the company said.

CMS Info Systems added that this win marks a clear preference for integrated solutions in bank outsourcing. “This contract further strengthens the long‑standing relationship between CMS and SBI, building on CMS’s partnership with the bank through large and complex projects, including multi‑vendor software solution (ALGO MVS™), vision AI solution HAWKAI™, and managed services for ATMs,” it added.

Speaking about the development, the company’s Chief Business Officer Anush Raghavan said, “This landmark ₹1,000 crore, 10-year contract from SBI will deliver incremental revenue growth of ₹500 Cr. A large part of India’s ATM channel was disrupted in 2025, and we have played an active role in helping stabilize ATM operations for many banks. This long-term contract will provide stability and high-quality services to millions of consumers with seamless self-service banking.”
CMS Info Systems share price:
The shares rose more than 2 percent in the past five days, but fell around 33 percent in the past six months. The stock declined nearly 29 percent in the past one year.

The stock currently has a P/E ratio of 14.98.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Hindustan Zinc shares drop 2% as silver prices fall post-rally, Silver futures dropped up to 3 percent, erasing earlier lifetime highs, Silver ETFs mirrored the fall, with some erasing sharp intraday gains

* Hindustan Zinc shares drop 2% as silver prices fall post-rally
* Silver futures dropped up to 3 percent, erasing earlier lifetime highs
* Silver ETFs mirrored the fall, with some erasing sharp intraday gains

Hindustan Zinc shares fell nearly 2% as silver prices tumbled after a sharp rally, with silver futures and ETFs also dropping. Analysts cite profit booking, a stronger dollar, and market volatility, but see a constructive medium-term outlook for silver.

shorts/business/hindustan-zinc-shares-drop-2-as-silver-prices-fall-by-rs-8-000-kg-silver-etfs-at-day-s-low

* Hindustan Zinc shares drop 2% as silver prices fall post-rally
* Silver futures dropped up to 3 percent, erasing earlier lifetime highs
* Silver ETFs mirrored the fall, with some erasing sharp intraday gains

The shares of Hindustan Zinc fell nearly 2 percent on January 7 as silver prices tumbled after a sharp rally. Silver ETFs also dropped, mirroring the intraday fall in the precious and industrial metal.

<a href="https://www.moneycontrol.com/india/stockpricequote/metals-non-ferrous/hindustanzinc/HZ">Hindustan Zinc</a> shares fell to Rs 632.60 apiece on Wednesday. The company is the largest producer of silver in India, and produces refined silver with a minimum 99.9 percent purity.
<h3><strong>Silver prices:</strong></h3>
Silver futures with March expiry on the Multi Commodity Exchange of India (MCX) fell nearly 3 percent to Rs 2,51,729 per kilogram. This comes after the contracts hit fresh lifetime high of Rs 2,59,692 per kg earlier during the day.

Futures with May expiry fell 2.5 percent to Rs 2,58,566 per kilogram, also erasing earlier gains after hitting fresh lifetime high. The future contracts with July expiry meanwhile fell over 2 percent to Rs 2,65,028 per kilogram. The futures have fallen around Rs 8,000 per kilogram each from their lifetime highs which they had hit earlier during the day.

Spot silver lost 3.5 percent to $78.43 per ounce, down from an all-time high of $83.62 hit on December 29.

The sharp fall may have been driven by profit booking, while a stronger dollar weighed on sentiment across precious metals ahead of key U.S. jobs data due this week.
<h3><strong>Silver ETFs:</strong></h3>
Silver exchange traded funds (ETFs) mirrored the fall in silver prices. 360 ONE Silver ETF fell 2 percent, while Axis Silver ETF, Tata Silver ETF, SBI Silver ETF and HDFC Silver ETF were trading in the green with marginal gains, erasing earlier sharp rise during the day.

Nippon India Silver ETF, UTI Silver ETF, ICICI Prudential Silver ETF, Motilal Oswal Silver ETF, Zerodha Silver ETF and others rose more than 0.5 percent, also erasing earlier day gains.
<h3><strong>Hindustan Zinc share price:</strong></h3>
Hindustan Zinc shares gained nearly 3 percent in the past five days, and over 29 percent in the past one month. The stock jumped 45 percent in the past six months.
<h3><strong>What should investors do?</strong></h3>
Silver shows higher volatility than gold showing a bubble-like behavior, Aggarwal from VSRK Capital said. "Strategy entry can be planned when prices stabilise near support zones with market sentiment improving but consider that metals tend to remain choppy for years after a strong rally," he added.

Looking ahead to 2026, the medium-term outlook remains constructive, especially for silver, Harshal Dasani, Business Head, INVasset PMS said, adding that the structural industrial demand linked to electronics, solar and electrification remains strong, while supply constraints have persisted for several years, keeping the market in deficit.

"Silver, in particular, had become a momentum trade in 2025, rising sharply over the year, which made it vulnerable to profit-booking and leveraged unwinds once sentiment turned. Gold, too, delivered outsized gains over the past year, so even routine corrections appear severe when they follow such a strong run," Dasani said.

In the near term, price direction will continue to be influenced by the US dollar and real interest rates—any repricing toward higher yields tends to pressure non-yielding assets like gold and silver, while softer yields and risk aversion restore their appeal, according to the analyst.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-suggests-a-negative-start-asia-down-us-markets-gain-liveblog-13760276.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Hindustan Zinc shares drop 2% as silver prices fall by Rs 8,000/kg, silver ETFs at day's low

The shares of Hindustan Zinc fell nearly 2 percent on January 7 as silver prices tumbled after a sharp rally. Silver ETFs also dropped, mirroring the intraday fall in the precious and industrial metal.

Hindustan Zinc shares fell to Rs 632.60 apiece on Wednesday. The company is the largest producer of silver in India, and produces refined silver with a minimum 99.9 percent purity.
Silver prices:
Silver futures with March expiry on the Multi Commodity Exchange of India (MCX) fell nearly 3 percent to Rs 2,51,729 per kilogram. This comes after the contracts hit fresh lifetime high of Rs 2,59,692 per kg earlier during the day.

Futures with May expiry fell 2.5 percent to Rs 2,58,566 per kilogram, also erasing earlier gains after hitting fresh lifetime high. The future contracts with July expiry meanwhile fell over 2 percent to Rs 2,65,028 per kilogram. The futures have fallen around Rs 8,000 per kilogram each from their lifetime highs which they had hit earlier during the day.

Spot silver lost 3.5 percent to $78.43 per ounce, down from an all-time high of $83.62 hit on December 29.

The sharp fall may have been driven by profit booking, while a stronger dollar weighed on sentiment across precious metals ahead of key U.S. jobs data due this week.
Silver ETFs:
Silver exchange traded funds (ETFs) mirrored the fall in silver prices. 360 ONE Silver ETF fell 2 percent, while Axis Silver ETF, Tata Silver ETF, SBI Silver ETF and HDFC Silver ETF were trading in the green with marginal gains, erasing earlier sharp rise during the day.

Nippon India Silver ETF, UTI Silver ETF, ICICI Prudential Silver ETF, Motilal Oswal Silver ETF, Zerodha Silver ETF and others rose more than 0.5 percent, also erasing earlier day gains.
Hindustan Zinc share price:
Hindustan Zinc shares gained nearly 3 percent in the past five days, and over 29 percent in the past one month. The stock jumped 45 percent in the past six months.
What should investors do?
Silver shows higher volatility than gold showing a bubble-like behavior, Aggarwal from VSRK Capital said. &quot;Strategy entry can be planned when prices stabilise near support zones with market sentiment improving but consider that metals tend to remain choppy for years after a strong rally,&quot; he added.

Looking ahead to 2026, the medium-term outlook remains constructive, especially for silver, Harshal Dasani, Business Head, INVasset PMS said, adding that the structural industrial demand linked to electronics, solar and electrification remains strong, while supply constraints have persisted for several years, keeping the market in deficit.

&quot;Silver, in particular, had become a momentum trade in 2025, rising sharply over the year, which made it vulnerable to profit-booking and leveraged unwinds once sentiment turned. Gold, too, delivered outsized gains over the past year, so even routine corrections appear severe when they follow such a strong run,&quot; Dasani said.

In the near term, price direction will continue to be influenced by the US dollar and real interest rates—any repricing toward higher yields tends to pressure non-yielding assets like gold and silver, while softer yields and risk aversion restore their appeal, according to the analyst.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Balu Forge Industries shares plunged 20 percent to hit the lower circuit on Wednesday amid heavy selling pressure and high volumes.

The stock slumped to Rs 465.30 on the NSE. It opened lower by 2.18 percent and has been declining for the past five trading sessions.

The sharp fall was accompanied by high trading activity. Around 90 lakh shares were traded on the NSE, with a turnover of about Rs 440.78 crore till 12.30 pm. There was no immediate company-specific trigger identified for the day’s decline.

Following the sell-off, the company’s market capitalisation fell to Rs 5,736.07 crore.

Recently, the promoters had bought 19,000 shares from the open market.

Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/machine-tools/baluforgeindustries/BAL01">Balu Forge</a> Industries have declined 38 percent over the past one year and are down 32 percent in the last six months.

<em><strong>Disclaimer:</strong> The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.</em>

Balu Forge shares hit 20% lower circuit on heavy volumes

Balu Forge share price hits 20% lower circuit on heavy volumes

Balu Forge Industries shares plunged 20 percent to hit the lower circuit on Wednesday amid heavy selling pressure and high volumes.

The stock slumped to Rs 465.30 on the NSE. It opened lower by 2.18 percent and has been declining for the past five trading sessions.

The sharp fall was accompanied by high trading activity. Around 90 lakh shares were traded on the NSE, with a turnover of about Rs 440.78 crore till 12.30 pm. There was no immediate company-specific trigger identified for the day’s decline.

Following the sell-off, the company’s market capitalisation fell to Rs 5,736.07 crore.

Recently, the promoters had bought 19,000 shares from the open market.

Shares of Balu Forge Industries have declined 38 percent over the past one year and are down 32 percent in the last six months.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

IHCL shares dropped over 3 percent after Morgan Stanley downgraded the stock, Morgan Stanley cut IHCL's target price to Rs 780 from Rs 811 per share, IHCL's Q2 net profit fell 49% YoY, revenue increased 12% YoY.

* IHCL shares dropped over 3 percent after Morgan Stanley downgraded the stock
* Morgan Stanley cut IHCL's target price to Rs 780 from Rs 811 per share
* IHCL's Q2 net profit fell 49% YoY, revenue increased 12% YoY.

Indian Hotels Company shares fell over 3% after Morgan Stanley downgraded the stock to ‘equal-weight’ and cut its target price, citing limited upside. IHCL’s Q2 net profit dropped 49% YoY, though revenue rose 12%. The stock is down 17% in a year.

shorts/business/indian-hotels-shares-fall-3-hit-near-two-month-low-after-morgan-stanley-downgrade

* IHCL shares dropped over 3 percent after Morgan Stanley downgraded the stock
* Morgan Stanley cut IHCL's target price to Rs 780 from Rs 811 per share
* IHCL's Q2 net profit fell 49% YoY, revenue increased 12% YoY.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/hotels/indianhotelscompany/IHC">Indian Hotels Company</a> (IHCL) dropped more than 3 percent on January 7 after Morgan Stanley downgraded the stock and cut its target price.

The shares of the company dropped to a near two-month low of Rs 703.30 apiece in the morning trading hours of Wednesday.
<h3><strong>Morgan Stanley on IHCL:</strong></h3>
Morgan Stanley has downgraded the shares of IHCL to 'equal-weight' from its earlier 'overweight' rating, and cut its target price to Rs 780 per share from Rs 811 apiece. The latest target price implies a upside potential of more than 7 percent from the stock's previous closing price of Rs 726.40 apiece.

By leveraging the Taj brand, IHCL has created a hospitality ecosystem that delivers industry-leading return ratios and free cash flow, CNBC-TV18 quoted Morgan Stanley as saying. It added that while the industry revenue per available room cycle is strong, it may see limited upside surprises.

The brokerage sees domestic hotel RevPAR growth of 9-10 percent in Q3 FY26; EBITDA up approximately 10 percent YOY. However, it cut FY26-28 EPS outlook by 2-3 percent due to slightly lower RevPAR estimates and margins.

The international brokerage added that the enterprise value (EV)/earnings before interest tax depreciation and amortisation (EBITDA) of 27.5x for FY27, properly captures the risk-reward.
<h3><strong>IHCL Q2 Results:</strong></h3>
The Indian Hotels Company (IHCL) on November 4 reported a consolidated net profit of Rs 285 crore for the July-September quarter of the financial year 2026. This marks a 49 percent YoY decrease from the Rs 554.58 crore net profit reported in the same period last year, including a one-time gain.

The firm's revenue from operations meanwhile rose nearly 12 percent YoY to Rs 2,041 crore.
<h3><strong>IHCL share price:</strong></h3>
IHCL shares fell more than 4 percent in the past five days, and around 2 percent in the past one month. The stock fell 17 percent in the past one year.

The company's market capitalization of Rs 1,00,437.38 crore.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-suggests-a-negative-start-asia-down-us-markets-gain-liveblog-13760276.html">LIVE updates</a> from the stock markets here.

<em>(With inputs from Reuters)</em>

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Indian Hotels shares fall 3%, hit near two-month low after Morgan Stanley downgrade

The shares of Indian Hotels Company (IHCL) dropped more than 3 percent on January 7 after Morgan Stanley downgraded the stock and cut its target price.

The shares of the company dropped to a near two-month low of Rs 703.30 apiece in the morning trading hours of Wednesday.
Morgan Stanley on IHCL:
Morgan Stanley has downgraded the shares of IHCL to 'equal-weight' from its earlier 'overweight' rating, and cut its target price to Rs 780 per share from Rs 811 apiece. The latest target price implies a upside potential of more than 7 percent from the stock's previous closing price of Rs 726.40 apiece.

By leveraging the Taj brand, IHCL has created a hospitality ecosystem that delivers industry-leading return ratios and free cash flow, CNBC-TV18 quoted Morgan Stanley as saying. It added that while the industry revenue per available room cycle is strong, it may see limited upside surprises.

The brokerage sees domestic hotel RevPAR growth of 9-10 percent in Q3 FY26; EBITDA up approximately 10 percent YOY. However, it cut FY26-28 EPS outlook by 2-3 percent due to slightly lower RevPAR estimates and margins.

The international brokerage added that the enterprise value (EV)/earnings before interest tax depreciation and amortisation (EBITDA) of 27.5x for FY27, properly captures the risk-reward.
IHCL Q2 Results:
The Indian Hotels Company (IHCL) on November 4 reported a consolidated net profit of Rs 285 crore for the July-September quarter of the financial year 2026. This marks a 49 percent YoY decrease from the Rs 554.58 crore net profit reported in the same period last year, including a one-time gain.

The firm's revenue from operations meanwhile rose nearly 12 percent YoY to Rs 2,041 crore.
IHCL share price:
IHCL shares fell more than 4 percent in the past five days, and around 2 percent in the past one month. The stock fell 17 percent in the past one year.

The company's market capitalization of Rs 1,00,437.38 crore.

Follow all LIVE updates from the stock markets here.

(With inputs from Reuters)

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Automobile - Tractors Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Automobile - Tractors industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

Bank Nifty trades below 60k, PSU Bank index snaps 7-day gains; key levels to watch

CMS Info Systems shares jump 7% to hit over 2-month high on Rs 1,000-crore SBI contract win

Hindustan Zinc shares drop 2% as silver prices fall by Rs 8,000/kg, silver ETFs at day's low

Balu Forge shares hit 20% lower circuit on heavy volumes

Indian Hotels shares fall 3%, hit near two-month low after Morgan Stanley downgrade

Automobile - Tractors Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Automobile - Tractors industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

Bank Nifty trades below 60k, PSU Bank index snaps 7-day gains; key levels to watch

CMS Info Systems shares jump 7% to hit over 2-month high on Rs 1,000-crore SBI contract win

Hindustan Zinc shares drop 2% as silver prices fall by Rs 8,000/kg, silver ETFs at day's low

Balu Forge shares hit 20% lower circuit on heavy volumes

Indian Hotels shares fall 3%, hit near two-month low after Morgan Stanley downgrade

Automobile - Tractors Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Automobile - Tractors industry stocks.