Stocks to Watch: Quess Corp, Hero MotoCorp, Chalet Hotels, LIC, Paytm, RVNL
Quess Corp: The recruitment firm has said it will be demerged into three listed entities– Quess Corp Ltd, Digitide Solutions Ltd, and Bluspring Enterprises Ltd. The new Quess Corp will handle workforce management; Digitide Solutions will provide business process management solutions and insurtech; and Bluspring Enterprises will offer facility management, industrial services and investments. The demerger is expected to attract investment, improve capital allocation and boost growth.
Once complete, all the shareholders will receive an additional share of each of the new companies for every share they hold in Quess Corp Ltd. The process is expected to take 12-15 months, and depends on regulatory approval. Hero MotoCorp: The motorcycle maker's CEO Niranjan Gupta anticipates a double-digit revenue surge in the domestic two-wheeler industry in the upcoming fiscal year.
He suggests that the demand for premium models is likely to escalate further. "As far as the demand is concerned, as we have been saying, we do expect the industry to grow double digit on revenue in the coming year at the least," Gupta said in an analyst call. Chalet Hotels: The company has set ambitious plans to expand its portfolio of "big-box", or large inventory, hotels, aiming to add approximately 800 rooms to its offerings.
Having earmarked ₹2,000 crore as current capital work-in-progress, the expansion will increase its total room count to 5,000 in the next three to four years. Sanjay Sethi, the company's managing director and chief executive, told Mint that Chalet Hotels' strategy aims to capitalize on demand generated by office spaces in proximity to its properties, ensuring a robust and continuous customer base. Life Insurance Corporation of India: The
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