Sat, Nov 16, 2024 11:50 AM
91% upside potential! Nomura is bullish on telecom stock Vodafone Idea
A Flip by Avya Verma
The shares of Oravel Stays Limited, which owns and runs the brand Oyo are being traded in the Rs 53 to 55 range, translating to a valuation of nearly $ 4.4 billion. This is 28% below the high of Rs 77 per share it had touched in February 2024. The price had dipped to Rs 38 in June this year during the Rs 1457 crore Series G primary raise Oyo had conducted at Rs 29 per share.
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Sumeet Bagadia's stocks to buy. Here check target prices and stop loss. 📌M&M | Buy in cash at ₹2,807.2 | Target price: ₹3,000 | Stop loss: ₹2,700. 📌Jindal Steel | Buy in cash at ₹877.4 | Target price: ₹950 | Stop loss: ₹950. 📌Indian Hotels | Buy in cash at ₹741.35 | Target price: ₹799 | Stop loss: ₹715.
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Sebi orders Reliance Big Entertainment to pay Rs 26 crore in fines for failing to clear penalties imposed for illegal diversion of funds, warning of asset attachment if payment is not made within 15 days. The regulator also warned that assets, including bank accounts, of Reliance Big Entertainment Pvt Ltd (now known as Rbep Entertainment Pvt Ltd) will be attached.
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