Apeejay Surrendra Park Hotels sees positive trend in stock performance, outperforms sector

Apeejay Surrendra Park Hotels, a smallcap company in the hotel industry, has seen a positive trend in its stock performance on June 5th, 2024. The stock gained 7.04%, outperforming the sector by 4.09%. This comes after 6 consecutive days of falling stock prices, indicating a possible trend reversal.

The stock opened with a gain of 2.38% today and reached an intraday high of Rs 161.9. However, Apeejay Surrendra Park Hotels is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the hotel industry, Apeejay Surrendra Park Hotels is not the only company to see a positive trend. The sector as a whole has gained by 3.02%. This could be due to the easing of COVID-19 restrictions and an increase in travel and tourism.

Compared to the overall performance of the stock market, Apeejay Surrendra Park Hotels has outperformed the Sensex by 6.88% in the past 1 day and underperformed in the past 1 month with a -15.89% change, while the Sensex has only seen a -0.37% change.

Overall, Apeejay Surrendra Park Hotels has shown a positive trend in its stock performance, but it is important to note that this is not a recommendation to buy or sell the stock. Investors should always do their own research and make informed decisions.