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ICICI Securities says that due to increase in earnings in the second quarter of FY 2022, the company’s performance has been better than expected. During this period, an increase of 233.6 percent has been registered in the income of East India Hotels.

Share Market Today

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highlights

  • Earnings of East India Hotels up 233.6 percent year-on-year
  • Nesco’s stock may increase by 22 percent in the next one year

Mumbai:

Share Market Today: There is a continuous period of profit-booking in the stock market. In such a situation, if you want to earn big profits through investment in the falling stock market, then this news can prove to be of great use to you. According to media reports, the latest report by domestic brokerage firm ICICI Securities has been advised to buy in 2 midcap stocks like Nesco and East India Hotels. ICICI Securities says that in the next one year, both these stocks can see a jump of about 23 percent.

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ICICI Securities has set a target of Rs 180 in the stock of East India Hotels for one year. Let us tell you that at present the share of East India Hotels is trading around Rs 145. ICICI Securities says that due to increase in earnings in the second quarter of FY 2022, the company’s performance has been better than expected. During this period, an increase of 233.6 percent has been registered in the income of East India Hotels. According to the report, the loss of East India Hotels has also come down in the second quarter and the loss has come down to Rs 12.3 crore. ICICI Securities has advised buy in this stock in view of the increase in profits and margins.

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ICICI Securities has set a target of Rs 770 in Nesco’s share for one year. ICICI Securities says that in the next one year, the share of Nesco can register an increase of 22 percent. Let us tell you that at present, the share of this company is being seen trading around Rs 630.

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First Published : 17 Nov 2021, 12:10:17 PM

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