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Mahindra Holidays & Resorts, a Vijay Kedia portfolio stock, reported a robust 69% YoY surge in standalone net profit to 76 crore for the June quarter. Revenue climbed 5% to 369 crore, with EBITDA soaring 42% to 161 crore. MD & CEO Manoj Bhat highlighted strong domestic performance and resilience in European operations despite currency headwinds.
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Brigade Hotel Ventures plans to raise 759.6 crore through an IPO to reduce debt and acquire land, potentially decreasing promoter stake to 74.1%. A significant portion of its revenue is concentrated in Bengaluru, particularly from the Sheraton Grand Bangalore. While revenue and occupancy have increased, investors are advised to monitor performance post-listing due to high valuation compared to peers.
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Despite market sell-offs since last September, around 50 smallcap, microcap, and penny stocks have surged dramatically, with returns ranging from 200% to 5,500%. However, many of these top performers reported losses or modest revenues, raising concerns about a potential bubble. Experts advise caution, noting that only a few demonstrate fundamental soundness amidst the exuberance.
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RBI economists caution about underpriced macroeconomic risks and rising global trade tariffs nearing 1930s levels. Despite these challenges, India's economy demonstrates resilience due to strong fundamentals, easing inflation, and proactive fiscal measures. Improved monsoon prospects and robust services sector growth further bolster the nation's economic outlook, even with modest industrial activity.
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Mutual funds focusing on midcap stocks have shown strong returns for SIP investors over time. Nifty Midcap 150 TRI has surpassed Nifty Smallcap 250 TRI in 10 and 15-year returns. Midcaps offer better risk-adjusted returns and stronger fundamentals. Recent MF inflows have significantly impacted midcap valuations.
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News and Media
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