Indian Hotels Co Ltd's Stock Sees -3.32% Decline, Rated 'Hold' by MarketsMOJO

Indian Hotels Co Ltd, a leading player in the hotel, resort, and restaurant industry, has seen a decline in its stock price by -3.32% on September 30, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'. The stock has underperformed the sector by -1.26% on the same day. It has also been on a consecutive fall for the last 5 days, with a decline of -4% in returns during this period. The stock touched an intraday low of Rs 685.5 (-3.29%) on September 30. Despite this recent decline, Indian Hotels Co Ltd's moving averages are still higher than the 20 day, 50 day, 100 day, and 200 day moving averages. However, it is lower than the 5 day moving average. The hotel, resort, and restaurant sector as a whole has also seen a decline of -2.24%, indicating a trend in the industry. In comparison to the overall market performance, Indian Hotels Co Ltd has underperformed the Sensex by -3.51% in the last 1 day and has outperformed it by 5.51% in the last 1 month. Overall, Indian Hotels Co Ltd's stock has seen a recent decline, but it still maintains a strong position in the industry. Investors are advised to hold their positions in the stock, as per the recommendation by MarketsMOJO.