Samhi Hotels Achieves 52-Week High Amid Strong Market Sentiment for Midcap Stocks

Samhi Hotels has made headlines today as its stock price reached a new 52-week high of Rs. 254.6, marking a significant milestone for the midcap player in the Hotels & Resorts industry. This achievement comes after a strong performance over the past four days, during which the stock has gained 4.71%. Notably, it has outperformed its sector by 0.59% today.
The stock's intraday high of Rs. 254.6 reflects a 2.23% increase, and it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend. Over the past year, Samhi Hotels has delivered impressive returns of 41.74%, significantly outpacing the Sensex, which has seen a modest gain of 2.31%.

In the broader market, the Sensex opened higher at 82,527.43, gaining 327.09 points, and is currently trading at 82,373.99. The index is just 4.38% away from its own 52-week high, reflecting a bullish sentiment in the market, particularly among small-cap stocks, which are leading with a gain of 0.27%.