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Reliance Industries, led by Chairman Mukesh Ambani, is expanding its presence in the hotel business through a partnership with The Oberoi Hotels and Resorts. The company's diversification strategy has seen it enter various industries, including telecoms, retail, green energy, and now finance. Reliance's deep pockets could be beneficial for the hotel industry, which is facing challenges due to high capital costs and underinvestment.

This article delves into the concept of the Golden Crossover, explaining its significance and why it's crucial for evaluating stock movement. With Trendlyne identifying over 40 Nifty stocks experiencing the Golden Crossover, ETMarkets narrows the focus to 10 stocks that exemplify this pattern's potential.

The brokerage expects volume growth for formal industry to remain healthy in FY24E. Similarly, FMCG business alsocontinued to report healthy growth rates (+16% YoY) with significant improvement in profitability (EBITDA margin up by 320bps to 11% YoY; EBITDA and EBIT grew by 1.6x and 2.1x, respectively) driven by pricing and cost savings.

ITC, incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 547212.18 Crore) operating in Tobacco sector.

​ITC, incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 558780.88 Crore) operating in Tobacco sector.