- The Indian hotel industry saw a robust YoY increase in RevPAR in Q1 2021.
- On the second day of bidding, the Pyramid Technoplast IPO was subscribed 3.77 times.
- All seventeen of the AMCs that CAMSfinserv services have been added as FIPs on the AA platform.
Despite a drop in QoQ due to seasonality, the Indian hotel industry saw a robust YoY increase in Revenue Per Available Room (RevPAR) in Q1 2021. The management of Jefferies is convinced that the current rate upcycle will continue for the foreseeable future and anticipates a double-digit RevPAR increase in FY24.
Major firms such as Indian Hotels Co Ltd (IHCL), EIH, Chalet, and Lemon Tree reported double-digit increases in RevPAR, while their respective ARRs increased by 11%, 19%, 38%, and 9%.
Nifty and Sensex
Sun Pharma founder Dilip Shanghvi is counting on specialty businesses to fuel growth, and he is letting his kids, Aalok and Vidhi, choose whether they want to be owner-managers, working managers, or take a hands-off approach.
On the second day of bidding, the Pyramid Technoplast IPO was subscribed 3.77 times, with high-net-worth people and retail investors purchasing 4.39 and 3.68 times, respectively, the allotments reserved for them. A total of 30% of the offer size was made by qualified institutional purchasers, who bid 1.31 times the authorized quota.
According to Raamdeo Agrawal, the retail equity market will experience even greater growth as the nation’s gross domestic savings rise to $103 trillion over the following 25 years. With 22 top-rated Buy recommendations and 6 high-potential UPF ideas, Jefferies delivers India’s best buys and UPF ideas.
All seventeen of the Asset Management Companies (AMCs) that CAMSfinserv services have been added as Financial Information Providers (FIPs) on the AA platform, according to the company, one of the first Account Aggregators (AA) in India to receive a license from the RBI. The development of the AA framework in India will be significantly aided by this integration of Mutual Funds with the CAMSfinserv platform.
Customers will be able to manage their assets, find areas for savings, and make better financial decisions by having access to and sharing both their mutual fund holdings and bank account activity from a single, secure site.
The HDFC NIFTY 1D Rate Liquid ETF was introduced by Sensex HDFC Mutual Fund to invest in Tri-Party Repos in Government Securities or Treasury Bills (TREPS). The 2.3 MMTPA urea facility owned by Perdaman Chemicals and Fertilizers Pty Ltd in Australia, which will be the largest urea factory in Australia and one of the largest in the world, received a “significant” order from L&T Energy Hydrocarbon. Rajnish Wellness has a brand-new location in Malad that offers exclusive rates on all branded medications delivered to customers’ homes throughout India.
