Leading brokerage firm HDFC Securities has initiated coverage on Hotel Sector stocks and picked 2 stocks showing upside potential of up to 50%. These two stocks are Indian Hotels Company Ltd (IHCL) and Lemon Tree Hotel. The analyst has assigned add call to Indian Hotel and buy call to Lemon Tree Hotel.
Leading maharatna stock, NTPC Ltd has declared its Q3 results and interim dividend as well on January 28, 2023. The company has a market capitalisation of Rs 1,61,255.56 crore. Meanwhile, brokerage firm HDFC Securities has assigned buy call to NTPC Ltd with a target price of Rs 192 apiece implying a return of 16% if investors buy NTPC shares at current market price of Rs 166.30 apiece.
According to the Reserve Bank of India, India's most popular digital retail payments system, UPI, will soon have a new functionality - single-block-and-multiple-debits, which will allow a customer to block funds in his/her account for specific purposes, which can then be debited whenever necessary. Currently, the UPI can handle recurring payment mandates
Small cap stock, Evans Electric Ltd is expected to fix record date for 1:1 bonus issue on January 31, 2023. Earlier, board of Evans Electric announced bonus issue December 16. The stock has given multibagger returns to investors and shares of the stock rallied 271% in last 3-months, and 330% in last 5-months.