Top gainer: Apollo Hospitals 6,997 ▲ 205 (+3.03%)
Top loser: Asian Paints 2,289 ▼ 64 (-2.74%)
Shares of recently listed ITC Hotels were trading 2.58% higher at ₹168.90 apiece
Shares of recently listed ITC Hotels were trading 2.58% higher at ₹168.90 apiece on the BSE. The stock was removed from SENSEX and other BSE indices before trading began today. The stock was listed on stock exchanges BSE and NSE on January 29. ITC Hotels is a demerged entity of diversified conglomerate ITC Ltd. The stock was temporarily included in the SENSEX and other BSE indices for portfolio rebalancing by passive funds.
Shares of Mahanagar Telephone Nigam (MTNL) were trading nearly 17% higher at ₹55.71 apiece
Shares of Mahanagar Telephone Nigam (MTNL) were trading nearly 17% higher at ₹55.71 apiece on the BSE. The stock rallied on the company’s asset monetisation plan. According to news reports, Arunish Chawla, Secretary of the Department of Disinvestment and Public Asset Management (DIPAM), has reaffirmed the government’s commitment to helping MTNL and BSNL monetise their assets to unlock value, clear liabilities, and revitalise the sector.
Shares of Lemon Tree Hotels jumped as much as 4.9% to ₹154.72 apiece on the NSE
Shares of Lemon Tree Hotels, one of the leading hotel chains in India, on Wednesday, February 5, jumped as much as 4.9% to ₹154.72 apiece on the NSE, a day after the company reported a strong set of numbers for the quarter ended December 31, 2024 (Q3 FY25). The company reported a net profit or profit after tax (PAT) attributable to equity holders of the parent at ₹62.49 crore, up 76.2% against ₹35.45 crore registered in the corresponding quarter of the previous fiscal year. Its total revenue came in at ₹355.8 crore, up 22% YoY, while EBITDA, or earnings before interest, taxes, depreciation, and amortisation, increased by 30% to ₹184.8 crore.