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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 projects a 16%/19% CAGR in EBITDA/PAT over FY24-FY27e and expects occupancy in India to rise to 75% by FY27. ITCHs debt-free balance sheet and strategic expansion plans support long-term growth, despite short-term challenges in greenfield projects.
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The advertising watchdog says it was "irresponsible" to emphasise the thinness of the model's legs.
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Jignanshu Gor, from Bernstein India, shares insights on retail and restaurant stocks, highlighting an outperform rating on D-Mart, Trent, Jubilant, and Devyani. He explains the need for continuous innovation in FMCG and the growing impact of quick commerce. Gor emphasizes evaluating brands versus channels and highlights the current growth in apparel, groceries, and beauty products.
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