Benares Hotels Faces Significant Stock Decline Amid Broader Market Trends

Benares Hotels, a small-cap player in the Hotel, Resort & Restaurants industry, has experienced a significant decline today, with shares dropping by 7.64% as of February 28, 2025. This performance marks a notable underperformance compared to its sector, which has seen an average decline of 2.26%. Over the past three days, Benares Hotels has faced consecutive losses, totaling a steep 12.4% decline during this period.
The stock opened lower today, with a gap down of 2.6%, and reached an intraday low of Rs 10,700, reflecting a decrease of 6.95% at its lowest point. In terms of moving averages, the stock remains above the 50-day, 100-day, and 200-day averages, yet it is currently below the 5-day and 20-day moving averages, indicating mixed short-term performance.

In the broader market context, Benares Hotels' one-day performance contrasts sharply with the Sensex, which fell by only 1.84%. Over the past month, the stock has shown a slight decline of 0.30%, while the Sensex has decreased by 3.51%.