EIH Associated Hotels' Stock Soars 7.98% on Strong Performance and Positive Market Outlook

EIH Associated Hotels, a smallcap company in the hotel industry, saw a significant increase in its stock price on August 12th, 2024. The stock gained 7.98%, closing at Rs 945. This positive movement was in line with the overall performance of the company, as it has been consistently outperforming the sector by 8.97%.

The stock opened with a gap up of 2.54% and touched an intraday high of Rs 945, which is 7.82% higher than its previous close. This indicates a strong buying interest in the stock.

EIH Associated Hotels is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive sign for investors. This shows that the stock has been consistently performing well in the short and long term.

In comparison to the overall market performance, EIH Associated Hotels has outperformed the Sensex by a significant margin. On a 1-day basis, the stock has gained 8.32% while the Sensex has only gained 0.47%. Similarly, on a 1-month basis, the stock has gained 2.08% while the Sensex has declined by -0.54%.

Overall, EIH Associated Hotels has shown strong performance and is currently trading close to its 52-week high of Rs 991.5. Based on the current market conditions, MarketsMOJO has given a 'Hold' call for the stock. Investors can keep a close watch on the stock for any further developments.