Royale Manor Hotels Surges 17.18%, Marking Significant Milestones in Stock Performance

Royale Manor Hotels & Industries Ltd is witnessing significant buying activity, with the stock surging by 17.18% today, notably outperforming the Sensex, which rose by only 0.82%. Over the past week, Royale Manor has recorded a remarkable 41.56% increase, while the Sensex gained 5.19%. The stock's performance over the last month shows a 43.42% rise compared to the Sensex's 4.73%.
In terms of price action, Royale Manor opened with a gap up and reached an intraday high of Rs 56.11, reflecting a 20.64% increase. The stock also experienced a low of Rs 44.5, indicating high volatility with an intraday fluctuation of 11.53%.

Royale Manor's strong performance is evident across various time frames, with a 3-year increase of 81.06% and a staggering 381.02% rise over the past five years, significantly outpacing the Sensex's respective gains of 33.15% and 145.91%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend. Factors contributing to this buying pressure may include positive market sentiment and strong fundamentals within the hotel and restaurant sector.