Image
SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  |  sumanspeaks.blogspot.com Travel & Hospitality · Turnaround Watch Easy Trip Planners At ₹5.78: The Hotel Business Is Growing Faster Than The Old Business Is Shrinking Near its 52-week low, EaseMyTrip is quietly turning into a different company than the one that listed in 2021 — and the next few quarters will decide whether that transformation shows up in the profit line. Easy Trip Planners Ltd trades around ₹5.78, with a market capitalisation of approximately ₹2,300 crore. That is close to its 52-week low of ₹5.74. At first glance, that looks like a stock the market has simply given up on. Look closer, and a more interesting picture emerges. The balance sheet is clean. Revenue is still growing. And one part of the business — hotels and holiday packa...
Will look into easing gold import curbs - Chidambaram
[Editor: The Premium Blog, was already been updated yesterday, regarding this new development. Those who are trading with my recommended brokerage house/s can also check there. Also, some inputs on SAIL (Rs.60), Glodyne Technoserve Ltd (Rs.6.50) and Allied Digital Services Ltd (Rs.13.5), BHEAL (Rs.148)etc. were also placed there, along with an update on Nifty]
New Delhi, Feb 17, 2014: India will look into relaxing gold imports curbs, but won't let its current account deficit (CAD) balloon, Finance Minister P. Chidambaram said on Monday.

"There are pros and cons (on easing gold import curbs), we will weigh them carefully, the goal is to contain the CAD at a level where it can be fully and safely financed," Chidambaram told reporters after presenting the interim budget in parliament earlier.

"The operative word is, we will look into it," he said.

India, desperate to trim a gaping current account deficit, took a slew of measures last year to curb demand for bullion, its second-biggest import after oil.

Due to the restrictions on imports, China has surpassed India as the world's biggest buyer of gold.

Industry participants had expected a cut in import duty from the record 10 percent on gold in the interim budget.

(Reporting by Rajesh Kumar Singh; writing by Siddesh Mayenkar; editing by Malini Menon)

Courtesy: Reuters 

Popular posts from this blog