Why is ITC Hotels falling/rising?
As of 15-Sep, ITC Hotels Ltd's stock price is at 243.75, down 1.38%, after a trend reversal following four days of gains. Despite this decline, the stock has performed positively over the past week and month, with increased investor participation indicated by a 54.3% rise in delivery volume.
As of 15-Sep, ITC Hotels Ltd is experiencing a decline in its stock price, currently at 243.75, which reflects a decrease of 3.4 points or 1.38%. The stock has underperformed its sector by 2.59% today and has seen a trend reversal after four consecutive days of gains. Despite this decline, the stock has shown positive performance over the past week and month, with returns of 1.50% and 6.63%, respectively. Additionally, the stock's delivery volume has increased significantly, rising by 54.3% against the 5-day average, indicating rising investor participation. However, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, ITC Hotels' recent performance can be compared to the Sensex, which has returned 1.24% over the past week and 1.47% over the past month. While ITC Hotels has outperformed the Sensex in the short term, the current decline suggests a temporary setback despite its overall positive trajectory in the preceding weeks. The stock remains liquid enough for trading, as it is based on 2% of the 5-day average traded value, allowing for a trade size of Rs 1.08 crore.
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