Benares Hotels Ltd. Outperforms Sector with 5.87% Gain, Continues Winning Streak

Apr 22 2024 09:30 AM IST
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Benares Hotels Ltd, a smallcap company in the hotel industry, had a strong start to the day with a 5.87% gain, outperforming the sector by 4.13%. The stock has been on a winning streak for the past three days, with a total gain of 9.58%. It is currently trading above its moving averages and has shown a remarkable 1-day performance of 6.56%. MarketsMojo has given a 'Hold' call for the stock, making it a promising choice in the hotel industry.

Benares Hotels Ltd, a smallcap company in the hotel industry, saw a positive start to the day as its stock opened with a gain of 5.87%. This outperformed the sector by 4.13%, indicating a strong performance by the company. The stock has been on a winning streak for the past three days, with a total gain of 9.58% during this period.

Today, the stock reached an intraday high of Rs 9488, showing a significant increase from its previous closing price. Benares Hotels Ltd is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend in the market.

In comparison to the overall market performance, Benares Hotels Ltd has shown a remarkable 1-day performance of 6.56%, while the Sensex only saw a 0.45% increase. Over the past month, the company has outperformed the Sensex by 8.78%, with a 1-month performance of 9.58% compared to the Sensex's 0.80%.

MarketsMOJO has given a 'Hold' call for Benares Hotels Ltd, suggesting that investors hold onto their current positions in the company's stock. With its strong performance and positive outlook, Benares Hotels Ltd is definitely a stock to watch out for in the hotel industry.
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