ACC Ltd reported a 48% YoY decline in net profit for Q2, standing at Rs 200 crore, while revenue rose by 4% to Rs 4,614 crore. The growth was driven by higher trade sales volumes and premium products, coupled with increased operational efficiencies and cost optimizations.
ITC Hotels shares may rally by 30% led by strong franchise: Jefferies
ITC Hotels: Jefferies initiated coverage on ITC Hotels (ITCH) with a ‘buy’ rating and a target price of Rs 240, citing strong growth potential. It