Viceroy Hotels Ltd Surges Amid Strong Investor Sentiment in Hotel Sector
Viceroy Hotels Ltd, a microcap in the Hotels & Resorts sector, reached its upper circuit limit today, achieving an intraday high of Rs 102.5. The stock outperformed its sector and the broader market, showing strong initial momentum and maintaining adequate liquidity despite a significant drop in delivery volume.
Viceroy Hotels Ltd, a microcap player in the Hotels & Resorts industry, has shown remarkable activity today, hitting its upper circuit limit with a notable intraday high of Rs 102.5. The stock experienced a change of Rs 4.88, reflecting a percentage increase of 5.0%. This performance outpaced the sector, which recorded a 1D return of 0.43%, while the broader Sensex saw a slight decline of 0.08%.The stock opened with a gain of 2.95%, indicating strong initial momentum. Throughout the trading session, Viceroy Hotels maintained a price band of 5%, with a low of Rs 97.62. The total traded volume reached approximately 0.04111 lakh shares, resulting in a turnover of Rs 0.04172665 crore.
In terms of moving averages, the stock is currently above its 5-day and 20-day averages, although it remains below the 50-day, 100-day, and 200-day averages. Despite a significant drop in delivery volume, which fell by 99.98% against the 5-day average, the stock's liquidity remains adequate for trading activities.
Overall, Viceroy Hotels Ltd's performance today highlights its strong market position within the sector, reflecting positive investor sentiment.
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