This optimism on the stock is largely linked to the changing business dynamics in the sector. For the coming quarters, the earnings prospects of India’s hotel industry look quite bright. This is because of favourable demand-supply dynamics. The supply of hotels is expected to be weak while the demand for rooms is likely to improve further.
Volatile yen draws intervention watch, other currencies subdued
In response to last week’s notable drop, currency markets have been closely monitoring the yen. Reports suggest that Japanese officials are conducting rate checks, hinting