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Impavid Bulletin

markets

"Hospitality, hotels, travel – these are the themes we are extremely positive on. Some stocks have started correcting. If one sees corrections in the names like Indian Hotels and also smaller names like Lemon Tree as well as some of the travel related plays and footwear, we definitely have a positive view. The next two quarters will provide good growth for some of the themes.”

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 2377 crore, up 8.69 per cent from last quarter total income of Rs 2187 crore and up 9.34 per cent from last year same quarter total income of Rs 2174 crore.

The Relative Strength Index of the stock stood at 36.55 on Wednesday.

​India is the third-largest oil importing nation as it imports over 80% of its crude oil requirement and thus stands to benefit from falling crude prices.​

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 539.74 crore, up 15.28 per cent from last quarter total income of Rs 468.18 crore and up 103.24 per from last year same quarter Total Income of Rs 265.57 crore.

A total of 35,213 shares changed hands on the counter till 12:43PM (IST).

Besides, the upcoming festive season is also expected to pick up strong growth for the paint companies on the back of a healthy demand environment. Over the years, the company’s continuous efforts of launching new products, focusing on premiumisation, strong brand recall in decorative, and strong distribution network have helped to drive growth.

A total of 18,866 shares changed hands on the counter till 12:48PM (IST).

The stock quoted a 52-week high price of Rs 3136.8 and a 52-week low of Rs 2023.15.