Lemon Tree Hotels' RevPAR was up 1.9 percent YoY at Rs 3,311 in Q3. On a same-hotel basis, RevPAR was up 7.5 percent YoY (with ARR up 5.4 percent and occupancy up 148bp to 76.2 percent)..
A reduction in personal income tax will lead to higher consumption and will be positive for many sectors, especially autos and consumers, said experts.
Indian Hotels sees some initial signs of a pick-up in revenue per available room (RevPAR) growth trends and expects second half of FY20 to be better than first half.
Nifty has support near 11,500-11,600 and resistance at 11,975 where the upper Bollinger band stands at.
Given current market sentiment and high perceived risk towards corporate governance issues, it is best to avoid poorly governed mid and smallcap companies with question marks on their financials, Rusmik Oza advised.
Experts feel Diwali 2019 to Diwali 2020 period could be an exciting phase for the markets, expecting the market to return 15-25 percent.
Joseph Thomas, Head Research - Emkay Wealth Management, also told Moneycontrol that after the recent fall in the market, the midcaps and smallcaps are a good option.
A lot of stocks have shown double digit growth in the last few sessions but it is never too late to invest, provided it is done after a thorough research.
11,800-11,860 will act as resistance zone for the market. Crosses above 11,860 on a sustainable basis, Nifty can rally initially towards 12,000 and then 12,200.
DHFL | Tube Investments | ICICI Bank | Mercator | Mphasis and Ambuja Cement are stocks, which are in the news today.
If the index crosses and sustains above 11,760 levels on the tradable basis, we expect the rally to continue towards 11,900-12,000
The broader markets, which had been underperformer for many months, turned outperformers in last one month rally.
Morgan Stanley, which expects the Sensex at 42,000 by December 2019, said the market could start pricing in a stronger election outcome in the coming weeks causing the Nifty to break its four-month range to the upside.
Overall experts said risks in 2019 could be tighter global monetary conditions, higher-than-expected crude oil prices and an escalation in China-US trade hostilities.
Mayuresh Joshi of Angel Broking said the year 2019 will largely be a year of stock-specific stories.
To tide the volatility, investors can spread investments over months and remain invested for at least three years: SMC Global Securities
Positional traders are advised to buy with a stop of 127 for a target of 147.
Rajesh Agarwal of AUM Capital recommends buying Bank of Baroda with stop loss at Rs 110 and target of Rs 122, Ajanta Pharma with stop loss at Rs 1090 and target of Rs 1160 and Siemens with stop loss at Rs 952 and target of Rs 1015.
The brokerage house believes that occupancies are set to improve, while average room rate is set to improve significantly in the next two to three years.
Rajesh Agarwal of AUM Capital recommends buying Indian Hotels with stop loss at Rs 130 and target of Rs 144, Can Fin Homes with stop loss at Rs 228 and target of Rs 248 and Cyient with stop loss at Rs 733 and target of Rs 753.
In the current market scenario one should avoid leveraged positions and investors should diversify their portfolios, said Ajay Jaiswal of Stewart & Mackertich Wealth Management
Goldman Sachs, which was strategically overweight on India since March 2014, has turned slightly cautious towards Indian market in 2018 and lowered its investment view to marketweight from overweight earlier.
The rupee's fall is technical in nature and should be viewed in accordance with happenings across the globe.
UBS said the relative valuation of small and midcaps suggest that optimism may be priced but not the uncertainties, despite the recent corrections.
“The Beats-to-misses (BTM) ratio for 4Q was 0.76x indicating that there were more misses than beats this quarter. After the largely positive surprises in 2Q which had a BTM of 1.42x, 3Q and 4Q have witnessed a sequential decline,” JM Financial said in a report.