ITC Hotels shares faced selling pressure. JM Financial started covering the stock with a ‘sell’ rating. The brokerage cited valuation concerns despite strong fundamentals. The stock price declined following the report. JM Financial acknowledged ITC Hotels’ leadership and growth. However, limited near-term asset commissioning and current valuations led to the ‘sell’ recommendation.
RBI draft for upper layer non-banks affects CICs disproportionately, raises compliances costs
New Reserve Bank draft on upper layer non-bank finance companies disproportionately impacts core investment companies by increasing compliance costs. Mandatory listing requirements could prove onerous
April 20, 2026