Mahindra Holidays & Resorts, a Vijay Kedia portfolio stock, reported a robust 69% YoY surge in standalone net profit to ₹76 crore for the June quarter. Revenue climbed 5% to ₹369 crore, with EBITDA soaring 42% to ₹161 crore. MD & CEO Manoj Bhat highlighted strong domestic performance and resilience in European operations despite currency headwinds.
Expect limited upside in near term, stick to stock-specific strategy; Vedanta, Motherson among top picks: CA Rudramurthy BV
Indian markets are struggling to maintain gains despite positive domestic news. Global factors and foreign selling are creating caution. Short-term traders are advised to reduce