Benares Hotels' Stock Reaches All-Time High, Outperforms Sensex in Past Year

Benares Hotels, a smallcap company in the hotel industry, has been making waves in the stock market with its recent performance. On January 13, 2024, the company's stock price reached an all-time high of Rs. 9774, breaking its previous 52-week high. This has caught the attention of investors and market experts, with MarketsMOJO giving a 'Buy' call for the stock.

The company's stock has been on a consecutive upward trend for the past 3 days, with a 1.35% increase in returns during this period. This is in line with the overall performance of the hotel sector. In fact, Benares Hotels is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend.

In terms of long-term performance, Benares Hotels has outperformed the Sensex by a significant margin. In the past year, the company's stock has seen a growth of 238.77%, while the Sensex has only grown by 21.03%. This showcases the company's strong potential and growth in the hotel industry.

With its recent surge in stock price and positive performance, Benares Hotels is definitely a company to watch out for in the smallcap segment. Its consistent growth and strong performance make it a promising investment opportunity for those looking to invest in the hotel industry.