Lemon Tree Hotels Sees Surge in Trading Volume Amid Strong Market Position

Lemon Tree Hotels Ltd, a prominent player in the Hotels & Resorts industry, has emerged as one of the most active equities today, with a total traded volume of 19,050,192 shares and a total traded value of approximately Rs 322.82 crores. The stock opened at Rs 167.00 and reached a day high of Rs 174.90, just 3.02% shy of its 52-week high. The last traded price (LTP) stands at Rs 169.07, reflecting a slight increase of 0.35% for the day, which is in line with the sector's performance.
Despite a recent trend reversal after three consecutive days of gains, Lemon Tree Hotels is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market. Notably, the delivery volume on August 22 reached 48.53 lakhs, marking a significant increase of 59.49% compared to the 5-day average delivery volume, suggesting rising investor participation. With a market capitalization of Rs 13,472.15 crores, Lemon Tree Hotels continues to demonstrate liquidity sufficient for trades of up to Rs 3.85 crores. Overall, the stock's performance today reflects its active engagement in the market and solid standing within its industry.