Hospitality Sector

Sensex and Nifty ended nearly flat after recovering from sharp early losses. A strong rally in TCS, HCL Tech, and the IT sector offset weakness in FMCG, metals, and defence stocks amid geopolitical concerns and higher crude oil prices.

India Tourism Development Corporation (ITDC) shares surged to a new 52-week high as investors cheered the long-term growth prospects of India's tourism and hospitality industry. Strong trading volumes, government tourism initiatives, and rising domestic travel demand have boosted sentiment around the PSU stock.

The Indian stock market extended its rally on July 6, 2026, with the Nifty and Sensex closing higher, driven by HDFC Bank's strong Q1 FY27 business update, falling Brent crude prices, sustained FII inflows, and positive global sentiment. Realty, Auto, and Oil & Gas outperformed, while IT, PSU Banks, and Media witnessed profit booking ahead of the earnings season.

Waterways Leisure Tourism shares rallied 10% to a fresh record high just a day after a disappointing stock market debut. Despite listing at a discount, the Cordelia Cruises operator attracted strong buying interest as investors looked beyond the subdued listing performance.

Waterways Leisure Tourism shares listed at a discount of up to 15% on NSE, with continued post-listing decline despite moderate IPO subscription and anchor investor participation.

Indian benchmark indices ended slightly higher on June 25, 2026, supported by easing Brent crude prices, a stronger rupee, and positive RBI commentary. Auto stocks led gains with strong rallies in Mahindra & Mahindra and Maruti Suzuki, while metal, oil & gas, and IT stocks remained under pressure. Lower market volatility and improving global sentiment helped sustain investor confidence.

Waterways Leisure Tourism IPO has opened for subscription with a price band of ₹769-₹808 per share. The cruise tourism company plans to raise ₹585 crore through a fresh issue. Explore the company's business model, financials, GMP trend, IPO objectives, strengths, risks, and whether the issue is worth considering for investors.

OYO's parent company Prism has secured SEBI approval for its proposed ₹6,650 crore IPO. With no OFS component, improving profitability, expansion into premium hospitality and holiday homes, and a potential $7 billion valuation, the offering is emerging as one of India's most closely watched startup listings.

Leela Palaces Hotels delivered strong Q4 performance with net profit rising 46.3% YoY to ₹171.7 crore. Revenue grew 14% to ₹484.4 crore, while EBITDA increased 17.3% to ₹265.7 crore. Margins improved to 54.9%, reflecting operational strength.

IHCL takes an exit from TAJ GVK Hotels. Shalini Bhupal acquires 25% stake for 592 crores