Taj GVK Hotels Indian Hotels

IHCL will manage Taj GVK's upcoming five-star property in Yelahanka, Bengaluru, under a 20-year agreement as part of its ongoing expansion through management contracts

As many as 2.9 million equity shares representing 26 per cent of total free float equity of ITDC have changed hands on the NSE and BSE

The average trading volumes at the Taj GVK counter jumped 10-fold with a combined 3.58 mn shares representing 5.7% of total equity of changing hands on the NSE and BSE in Tuesday's intra-day trade.

Technical charts suggest that share price of ITC Hotels, Indian Hotels, Taj GVK, Lemon Tree and Chalet Hotels could see up to 20 per cent upside from here.

IHCL unveils its re-imagined Taj Damdama Lake resort and spa in Gurugram, as part of a strategy aimed at achieving double-digit growth in FY26, driven by new openings and sector momentum

Technical outlook on hotel stocks: Taj GVK, Juniper Hotels look good on charts, while EIH could face some downward pressure.

The hotel industry is poised to continue its strong recovery in Q4FY25, fueled by healthy traction in MICE activities, cultural events, and a strong wedding season, believe analysts at Motilal Oswal.

Shares of Taj GVK Hotels & Resorts hit a new high of Rs 497.60, as they rallied 7 per cent on the BSE in Thursday's intra-day trade, extending its Wednesday's up move amid heavy volumes

TajGVK Hotels and Resorts share price surged 9.50 per cent at Rs 335.85 a piece on the BSE in Monday's intraday deals

Markets regulator Sebi on Wednesday exempted three trusts from making an open offer to the shareholders of Taj GVK Hotels and Resorts Ltd after their proposed acquisition of a 49.44 percent stake in the company. The order came after three trusts -- Blue Moon Trust, Moonshot Trust, and Starlight Trust-- filed an application with the regulator in April 2023, and sought exemption from certain provisions of takeover regulations. The acquirer trusts have been set up as private family trusts for providing suitable succession planning between the members of the Gunupati Indira Krishna Reddy family. Under the proposed acquisition, Gunupati Indira Krishna Reddy, who is a promoter of Taj GVK Hotels, intends to transfer a total of 49.44 percent of her shareholding in the firm to the three trusts, according to a Sebi order. Once the transaction is complete, the acquirer trusts would collectively hold 49.44 per cent shares in Taj GVK Hotels. The proposed transaction triggers the open offer ..

Occupancy rate is expected to improve further from the pre-pandemic levels, on the back of strong demand drivers including resumption in foreign inbound travel, says analyst at Motilal Oswal.

While Q2FY22 witnessed a sharp rebound in revenues on a lower base, ICICI Securities expect a further recovery in revenues during Q3FY22E supported by healthy festive season travel demand.

TAJGVK Hotels and Resorts said ICRA downgraded the credit ratings of its long-term loans and short-term credit facilities on account of revenue and margin decline

A downgrade by rating firm, ICRA, in June had made lenders nervous after ICRA said TAJGVK's coverage metrics were also likely to weaken substantially in FY21

Most hotel-related stocks gained ground in this backdrop, with Indian Hotels, EIH Ltd, Lemon Tree Hotels, TAJ GVK Hotels and Speciality Restaurants rallying up to 5 per cent

In a regulatory filing, the company said since the situation is exceptional and is changing dynamically, it is not in a position to gauge with certainty the future impact on its operations

ICRA said it has not treated the missed payment as a default for now, despite absence of a formal approval from the lenders allowing for a payment relief

Hotel Leela and TAJGVK Hotels were up 15 per cent and 11 per cent, respectively, while Royal Orchid Hotels, Oriental Hotels, EIH and Lemon Tree were up in the range of 3 to 5 per cent.

Taj GVK Hotels rallied 20% to Rs 148, while Indian Hotels up 5% at Rs 139 on the BSE.