Market Recap: Weekly Update

(December 2, 2023)

YTD refers the Returns from January 1, 2023 till December 1, 2023

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

FII

DII

Key Market Updates

• Nifty 50 top Gainers: Axis Bank Ltd. (9.53%), Britannia Ind. (7.03%), Bharat Petroleum (6.67%), Adani Enterprises (6.17%), Hero MotoCorp (5.96%).
• FIIs make a stellar comeback! Turn net buyers in last 4 sessions with net inflow of ₹10,593 crore
• Flair Writing signs in to Dalal Street with 66% premium over issue price.
• Tata Tech IPO investors make 180% return on Day 1.
• Deepak Chemtex IPO: Issue subscribed more than 403times on the last day.
• Annual inflation in the euro zone cooled to 2.4% in November from 2.9% in October.

Startup, M&A Deals

•  Clove Dental parent gets $50 million from Qatar Investment Authority.
• PE firm Faering Capital invests $30 mn in Vastu Housing Finance.
• Dell Inks $150 Million Hardware Deal With AI Startup Imbue.
• Microsoft adds $10 billion to investment in ChatGPT maker OpenAI.
• BlueVoyant acquires cyber defense company Conquest Cyber, raises $140M.
• CarDekho acquires Revv to enter shared mobility.
• UltraTech Cement to buy Kesoram’s cement business in Rs 5,379-cr deal, announces swap ratio of 1:52

Checkout the last week’s Market trends here: Market Recap (November 25, 2023)

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Read about: Market Recap – Weekly Update (December 9, 2023) 

Market Recap: Weekly Update

(November 25, 2023)

YTD refers the Returns from January 1, 2023 till November 24, 2023

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

FII

DII

Key Market Updates

• Nifty 50 top Gainers: Hero MotoCorp (6.41%), Bajaj Auto (5.31%), Bharat Petroleum (5.21%), Divi’s Lab (4.55%), Bharti Airtel (2.73%).
• Tata Technologies IPO closes with subscription of nearly 70x and bids worth ₹1.56 lakh crore.
• Gandhar Oil Refinery IPO Final Day: Issue subscribed 64.07 times.
• Mamaearth Q2 Results: Honasa Consumers net profit doubles to ₹30 crore in first results post listing, revenue up 21%.
• ESAF SFB Q2 results: Net profit jumps 145% to Rs 140 crore.

Startup, M&A Deals

• Fintech startup Kiwi raised $13 million from Omidyar Network India, Nexus Venture Partners, and Stellaris Venture Partners.
• EV startup Baaz Bikes raised $8 million from BIG Capital, Rakuten Capital, Kalaari Capital, 9Unicorns, and Sumant Sinha.
• Purple Style Labs (PSL), the parent company of Pernia’s Pop-Up Shop, raised $8 million in a Series D funding round led by Sanket Parekh of the Pidilite Family Office.
• Scapia, a fintech firm, raised $23 million in a Series A funding round led by Elevation Capital and 3STATE Ventures.
• Fortis sells Chennai hospital to MGM Healthcare for Rs 128 crore.

Checkout the last week’s Market trends here: Market Recap (November 18, 2023)

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Market Recap: Weekly Update

(November 18, 2023)

YTD refers the Returns from January 1, 2023 till November 17, 2023

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

FII

DII

Key Market Updates

• Nifty 50 top Gainers: Eicher Motors Ltd. (9.17%), Hero Moto Corp Ltd. (7.39%), Coal India (6.76%), Tech Mahindra (5.68%), TCS (5.07%).
• Bank, NBFC Stocks decline as RBI tightens consumer loan norms.
• Manappuram Finance Q2 Results: Consolidated net profit of ₹560.65 crore, marking a growth of 37 percent as compared to ₹409.5 crore clocked in the year-ago period.
• Kalyan Jewellers India reported a 27.1% rise in its second-quarter profit.Revenue from operations grew 27% to 44.15 billion rupees.
• Apollo Hospitals Q2 Results: Revenue rises 14% to ₹4,847 crore. The revenue for the quarter under review rose 14% to ₹4,847 crore.

Startup, M&A Deals

• CoverSelf Gets $8.2 Mn From BEENEXT, 3one4 To Streamline Healthcare Claims & Payments.
• Medtech startup Inito raises $6 million in series a funding led by Fireside Ventures.
• ShareChat Co-Founders’ General Autonomy, Secures $3M in Funding to Revolutionize Factory Automation.
• CENTA, a startup focused on teacher accreditation, secures $1 million in funding.
• Temasek-backed DeHaat acquires Freshtrop’s fruit export business
• Bakingo, the omnichannel bakery brand with a major focus on cakes, has raised $16 million as growth capital from Faering Capital in its first external funding.

Checkout the last week’s Market trends here: Market Recap (November 11, 2023)

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Market Recap: Weekly Update

(November 11, 2023)

YTD refers the Returns from January 1, 2023 till November 10, 2023

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

FII

DII

Key Market Updates

• Nifty 50 top Gainers: Bharat Petroleum (6.24%), Divi’s Lab (4.25%), L&T (4.19%), Axis Bank Ltd. (4.19%), Bajaj Finserv (3.9%).
• Crude oil prices fell below $78 a barrel to their lowest since July.
• ONGC Q2 Results: Net profit rises 142% to ₹16,553 crore, revenue down 13% YoY.
• LIC Q2 Results: Net profit drops 50% to Rs 7925 cr, net premium income falls to Rs 1.07 lakh crore.
• Coal India Q2 Results: Net profit rises 12% to ₹6,813 crore, revenue up 10% YoY.
• M&M Q2 Results: Net profit jumps 67% to ₹3,452 crore; revenue rises 16% YoY.

Startup, M&A Deals

• Audiology startup Hearing Solution (Hearzap) raised Rs 50 crore (~$6 million) from 360 One Healthcare Opportunities Fund.
• EV maker Euler Motors raised Rs 120 crore ($14.3 million approx) from British International Investment (BII) and Green Frontier Capital.
• Logistics startup Xpressbees raised $80 million from Teachers’ Venture Growth (TVG).
• Eris Lifesciences to buy derma, nephro units of Biocon Biologics for Rs 366 cr.
• Keystone Realtors makes major acquisition of Realgem Buildtech, for over Rs 231.42 crore.
• Car service and repair firm GoMechanic raised $6 million in fresh capital.

Checkout the last week’s Market trends here: Market Recap (October 28, 2023)

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Market Recap: Weekly Update

(October 28, 2023)

YTD refers the Returns from January 1, 2023 till October 27, 2023

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

FII

DII

Key Market Updates

• Nifty 50 Top gainers: Axis Bank Ltd., HCL Technologies Ltd, Coal India ltd.
• NIFTY 50 Top losers: UPL, Adani Enterprises, HDFC Life Insurance, JSW Steel Ltd, Asian Paints Ltd.
• RIL Q2 results: Net profit rises 30% YoY to Rs 19,878, Gross revenue stood at 2.55 lakh crore.
• Asian Paints Q2 Results: PAT soars 53% YoY to Rs 1,232 crore. Revenue from operations increased just 0.2% YoY to Rs 8,478.6.
• Maruti Suzuki Q2 Results: Net profit jumps 80% YoY to ₹3,716.5 crore.
• Dr Reddy’s Q2 Results: Net profit rises 33% to ₹1,482 crore, revenue up 9% YoY.

Startup, M&A Deals

• Ola Electric raised Rs 3,200 crore ($380 million) in equity and debt funding from Temasek and State Bank of India.
• PMI Electro Mobility, the electric bus manufacturer, raised Rs 250 crore ($30 million) from Piramal Alternatives, Piramal Group’s fund management business.
• Husk Power Systems Raises $43 Million To Drive Renewable Energy Expansion In Africa And Asia
• SaaS startup Blubirch raised $6.37 million from Cornerstone Ventures and Capital2B.
• Aditya Birla’s Tmrw invests Rs 155 crore in The Indian Garage Co.
• Future Group takes control of Aadhaar Wholesale Trading and Distribution.

Checkout the last week’s Market trends here: Market Recap (October 21, 2023)

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Market Recap: Weekly Update

(October 21, 2023)

YTD refers the Returns from January 1, 2023 till October 20, 2023

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

FII

DII

Key Market Updates

• Nifty 50, Top gainers -Bajaj Auto (7.49%), Tata Motors (4.12%), Hero MotorCorp (3.98%), Cipla (3.65%), IndusInd Bank (3.15%).
• ITC Q2 Results: Net profit rises 10% to Rs 4,927 cr, revenue rises 3% to Rs 17,160 cr.
• Paytm Q2 Results: Net loss shrinks to ₹291 crore, revenue up 32% to ₹2,519 crore.
• Avenue Supermarts revenue increased 18.66% year-on-year to Rs 12,624.37 crore, net profit slips 9.09% to Rs 623.35 cr.
• JSW Energy Q2 results: Net profit rises 83% YoY to ₹850 crore, reports highest ever quarterly EBITDA, revenue at 3387cr.
• Bandhan Bank Q2 Results: Net profit up 244% YoY at Rs 721 crore, Provisions higher QoQ, NPAs worsen.
• ICICI Bank Q2 results: Net profit rises 35.8% YoY at ₹10,261 crore, NII increase by 23.8% at ₹18,308 crore.
• Yes Bank Q2FY24 results: Net profit up 47.4% YoY to ₹225 crore, NIM dips.
• Kotak Mahindra Bank Q2 results: Total income rise 36% to Rs 13,507.40 cr, PAT surges by 24%.
• IDBI Bank Q2 results: Net profit jumps 60% to Rs 1,323 cr on declining NPAs.
• CG Power Standalone September 2023 Net Sales at Rs 1,900.14 crore, up 19.65% Y-o-Y.
• Glenmark Life Sciences Q2 results: Net profit rises over 11% to Rs 119 crore.
• RBL Bank Q2 results: Net profit rises 46% YoY to ₹294 crore, net interest income up by 26%.
• Central Bank of India Q2 result: Net profit rises 90% YoY to ₹605 crore on strong NII, net NPA down to 1.64%.

Startup, M&A Deals

• Zetwerk Raises $120 Mn From Avenir, Lightspeed.
• Wealth and asset management startup Neo bags $35 million in funding from Peak XV Partners
• Bajaj Finance acquires 26% stake in Pennant Technologies for ₹267.50 crore.
• Faering Capital invests $30 million in Vastu Housing Finance.
• Indian space start-up Agnikul raises additional $27 million to launch its first rocket.
• Binny Bansal-Backed VideoVerse Acquires AI-Powered Graphics Engine Optikka.

Checkout the last week’s Market trends here: Market Recap (October 14, 2023)

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Read Market Recap – Weekly Update (October 28, 2023) 

Market Recap: Weekly Update

(October 14, 2023)

YTD refers the Returns from January 1, 2023 till October 13, 2023

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

FII

DII

Key Market Updates

• Nifty 50, Top gainers -Tata Motors Ltd. (7.17%), Coal India (7%), Tata Consumer Products Ltd. (4.41%), Grasim Industries (4.17%), Maruti Suzuki (4.13%).
• HDFC Life Reports 15% Profit Growth in Q2 FY24.
• TCS Q2 Results: Net profit rises 8.7% on year to ₹11,342 crore.
• HCL Tech Q2 Results: Net profit rises 9.8% to ₹3,832 crore, revenue up 8% YoY
• Infosys Q2 net profit jumps 3% to Rs 6,212 crore; firm declares dividend of Rs 18 per share.
• HDFC AMC Q2 results: Net profit rises 20%, revenue grows 18%
• Gold roars above $1,900 as Middle East tensions deepen.

Startup, M&A Deals

• Zolve raises $100M in warehouse financing from Community Investment Management.
• InsuranceDekho raises $60 million led by Beams Fintech Fund.
• Insurtech startup Onsurity raises $24 million led by IFC.
• Krutrim SI Designs has received $24 million debt from Matrix Partners.
• Virbac acquires Globion, an Indian specialist in poultry vaccines.
• Birla Carbon completes acquisition of Nanocyl, to drive growth in battery materials.

Checkout the last week’s Market trends here: Market Recap (October 7, 2023)

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Read Market Recap – Weekly Update (October 21, 2023)

Introduction:

The Indian luxury hotel sector has undergone significant transformation in recent years, influenced by evolving trends in tourism and travel. The Indian hospitality industry faced a severe setback during 2020 and 2021 due to the COVID-19 pandemic. However, business is rebounding, with occupancy rates returning to pre-pandemic levels after a two-year slowdown.

The Indian hotel market is poised for significant growth, projected to reach $47.50 billion by 2030 with a compound annual growth rate of 12.50%. Notably, the Indian hotel industry sets itself apart through factors such as facing intense competition, navigating ever-shifting demand patterns, and requiring substantial capital investment.

In this article, we will explore the key factors that influence the business performance of hotels in India. We will also look at the essential parameters for investors to consider before investing in this industry.

Some of the players in the luxury Hotels or hospitality industry are as follows:

Now, the following are some of the KPI’s that needs to be considered before investing in this industry.

Occupancy Rate

Measures the number of occupied rooms divided by the total available rooms. A higher occupancy rate is desirable.

Average Daily Rate (ADR)

A measure of the average rental revenue per occupied room. ADR is significant in hotels because it is a direct measure of the hotel’s ability to generate revenue from its rooms. A higher ADR means that the hotel is able to charge more for its rooms, which can lead to increased profits.

Revenue per available room (RevPAR):

Market Recap: Weekly Update

(October 7, 2023)

YTD refers the Returns from January 1, 2023 till October 6, 2023

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

FII

DII

Key Market Updates

• RBI keeps the repo rate unchanged at 6.5%.
• Nifty 50, Top gainers – Bajaj Finserv (6.13%), Titan Company(5.11%), Bajaj Finance Ltd.(4.58%), Infosys (3.01%), Adani Enterprises Lt (2.66%)
• India’s forex reserves drop $3.7 bn to $586.9 bn in 4th straight weekly decline.
• Oil prices recorded the worst weekly fall since March on demand fears. Russia lifts ban on diesel exports.
• India, Japan launch $600 million fund for low carbon emission projects. (NIIF and JBIC).
• Gold fragile on lofty US dollar and yields; palladium at 5-year low.

Startup, M&A Deals

• House of Brands firm Mensa Brands secured $40 million from EvolutionX Debt Capital, a leading debt financing platform for growth-stage companies.
• Bizongo, a B2B e-commerce startup, raised $50 million from Schroder Adveq, IFC, Corp, Chiratae Ventures, B Capital, and British International Investment.
• Bolt.Earth, an EV infrastructure and software startup, raised $20 million from Union Square Ventures, Prime Venture Partners, and ITIGO Funds.
• IQuest Enterprises acquires Viatris’ Indian API operations.
• Fintech unicorn Slice merges with North East Small Finance Bank.

Checkout the last week’s Market trends here: Market Recap (September 30, 2023)

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Market Recap: Weekly Update

(September 30, 2023)

YTD refers the Returns from January 1, 2023 till September 29, 2023

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

FII

DII

Key Market Updates

• Nifty 50 Top Gainers: Bajaj Finance (4.55%), Coal India (4.18%), ONGC (3.65%), Larson & Toubro (3.6%), NTPC (3.19%).
• 6 Of Top 10 Nifty Losers This Week Are IT Stocks (Tech Mah, Infy, LTIM, Wipro, HCL)
• 10, 30-year US Treasury yields end at fresh highs(4.558%, 4.695%) since 2007, 2011.
• Gold price hits two month low on soaring US dollar rates.
• The Indian government increased windfall tax on petroleum crude, while reduced it on aviation turbine fuel and diesel.
• India’s fiscal deficit hits 36% of full-year target in first five months of 2023-24.

Startup, M&A Deals

• Healthtech startup Doceree raised $35 million from Creaegis, Eight Roads Ventures, and F-Prime Capital.
• D2C brand Pilgrim raised $20 million from Vertex Ventures Southeast Asia and India, Fireside Ventures, and Narotam Sekhsaria Family Office.
• Speciality brand Third Wave Coffee raised $35 million in a Series C funding round led by Creaegis with participation from existing investors.
• Saregama acquires majority stake in Pocket Aces, a digital entertainment company for $20 million.
• Apollo Hospitals acquires 325-bed Future Oncology in Kolkata for $12.2 million.

Checkout the last week’s Market trends here: Market Recap (September 23, 2023)

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