The government’s offer for sale (OFS) in Bharat Heavy Electricals Ltd (BHEL) is being offered at a floor price of Rs 254. According to JM Financial, which has a buy rating on the stock, the OFS price implies a valuation of 21x FY28 estimated earnings, compared to the stock’s prevailing multiple of around 23x FY28 […]
Chalet Hotels on Wednesday announced the launch of ATHIVA Hotels & Resorts, which will debut across six properties with over 900 keys and a capex of around Rs 1,500 crore. The ATHIVA brand, positioned in the upper luxury category, will debut its first hotel with the opening of 147-key The Dukes Retreat in Khandala, Maharashtra, […]