A case in point is The Indian Hotels Co. Ltd, shares of which touched a 52-week high on Wednesday on NSE. For Indian Hotels particularly, it also helps that the company has raised funds of ₹2,000 crore through a qualified institutional placement issue that closed on 25 March. “Sharp rise in margin is likely to be curbed by wage inflation. A resurgence in covid cases and the possibility of demand not returning to expected levels could dampen sentiments. Given that the Indian Hotels’ stock is near highs, sharp near-term upsides may be capped.

Source: Mint April 06, 2022 23:17 UTC