Indian hotel companies have been enjoying a winning streak on the stock market, with share prices of major players up by over 50% in the past year. Boosted by domestic leisure and corporate travel, international travel, sports tournaments and the recent G20 summit in India, the demand outlook is encouraging for further growth. Optimistic hoteliers have added more rooms to match the demand, resulting in a surge in occupancy rates. The aviation sector has also reported great results, with healthy growth potential ahead. Investors are advised to look to quality names within the theme, with the stock prices already factoring in a fast recovery.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.