Key Events This Week
Feb 9: Stock opens at Rs.126.70, modest gain of 0.72%
Feb 10: Intraday high of Rs.135 with 7.38% surge
Feb 11: Valuation shifts to very expensive amid mixed returns
Feb 12-13: Price retreats, closing week at Rs.126.85 (-0.31% last day)
9 February 2026: Steady Start Amid Broad Market Gains
Apeejay Surrendra Park Hotels Ltd began the week on a positive note, closing at Rs.126.70, up 0.72% from the previous Friday’s close of Rs.125.80. This gain was slightly below the Sensex’s 1.04% advance to 37,113.23, reflecting a cautious but constructive start. Trading volume was moderate at 18,110 shares, indicating steady investor interest as the broader market showed optimism.
10 February 2026: Intraday Surge Propels Stock to Rs.135 High
The highlight of the week came on 10 February when Apeejay Surrendra Park Hotels Ltd surged 7.38% intraday, reaching a peak of Rs.135. This represented a 6.55% increase from the day’s opening price and significantly outperformed the Sensex’s modest 0.25% gain to 37,207.34. The stock closed at Rs.131.90, a 4.10% increase on the day, supported by strong buying momentum and a three-day consecutive rally that had lifted the price by over 8% from earlier levels.
Technically, the stock traded above its short- and medium-term moving averages, signalling positive momentum. This surge was notable within the Hotels & Resorts sector, where Apeejay Surrendra outpaced peers and broader indices, reflecting renewed investor interest despite longer-term challenges.
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11 February 2026: Valuation Concerns Surface Amid Mixed Returns
On 11 February, Apeejay Surrendra Park Hotels Ltd closed at Rs.132.75, up 0.64% from the previous day’s close of Rs.131.90. However, the day’s trading was overshadowed by a significant shift in valuation metrics. The company’s price-to-earnings (P/E) ratio rose sharply to 34.58, moving the stock into the very expensive category relative to its historical levels and sector peers. The price-to-book value (P/BV) also increased to 2.16, signalling a premium pricing environment.
Other multiples such as enterprise value to EBIT (20.02) and EV to EBITDA (13.42) further underscored stretched valuations. Despite these elevated ratios, the company’s return on capital employed (ROCE) of 9.87% and return on equity (ROE) of 6.81% remained modest, raising questions about the sustainability of the premium valuation. The PEG ratio of 4.18, substantially higher than peers, indicated that price gains were outpacing earnings growth expectations.
This valuation shift occurred amid mixed market returns, with Apeejay Surrendra outperforming the Sensex over the short term but lagging over longer horizons. The company’s Mojo Grade remained at Strong Sell, reflecting caution despite recent price gains.
12-13 February 2026: Profit Taking Amid Broader Market Weakness
The final two trading sessions saw Apeejay Surrendra Park Hotels Ltd retreat from its highs. On 12 February, the stock declined 2.30% to Rs.129.70, while the Sensex fell 0.56% to 37,049.40. The downward trend continued on 13 February with a further 2.20% drop to Rs.126.85, as the Sensex declined 1.40% to 36,532.48. Trading volumes also tapered off, signalling reduced buying interest amid a weakening market environment.
This pullback trimmed some of the week’s earlier gains but still left the stock with a net positive return of 0.83% for the week, outperforming the Sensex’s 0.54% loss. The price action suggests profit taking and cautious positioning ahead of upcoming earnings and sector developments.
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Weekly Price Performance: Apeejay Surrendra Park Hotels Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.126.70 | +0.72% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.131.90 | +4.10% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.132.75 | +0.64% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.129.70 | -2.30% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.126.85 | -2.20% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: Apeejay Surrendra Park Hotels Ltd demonstrated resilience by outperforming the Sensex with a weekly gain of 0.83% despite a weakening broader market. The strong intraday surge on 10 February highlighted renewed buying interest and short-term momentum, supported by the stock trading above key moving averages.
Cautionary Signals: The shift to very expensive valuation metrics, including a P/E ratio of 34.58 and a PEG ratio of 4.18, raises concerns about the sustainability of recent price gains. Modest profitability ratios (ROCE 9.87%, ROE 6.81%) and a low dividend yield of 0.38% suggest limited fundamental support for the premium pricing. The stock’s Mojo Grade remains Strong Sell, reflecting underlying risks despite short-term strength.
Additionally, the retreat in the last two sessions amid broader market declines indicates profit taking and cautious investor sentiment heading into the next week.
Conclusion
The week for Apeejay Surrendra Park Hotels Ltd was characterised by a strong midweek rally driven by positive market sentiment and technical momentum, followed by a valuation reassessment and profit taking. While the stock outperformed the Sensex with a 0.83% gain, the elevated valuation multiples and modest returns on capital highlight a complex risk-reward profile. Investors should monitor upcoming earnings and sector developments closely to gauge whether the current premium valuation is justified or if further adjustments are likely.
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