Why is Lemon Tree Hotel falling/rising?
As of 29-Aug, Lemon Tree Hotels Ltd is priced at 165.65, down 1.31%. Despite recent declines, the company has strong long-term growth with a 38.86% annual operating profit growth rate and has outperformed benchmark indices over the past year.
As of 29-Aug, Lemon Tree Hotels Ltd is currently priced at 165.65, reflecting a decrease of 2.2 points or 1.31%. Today's price summary indicates that the stock opened with a gain of 2% but reached a day's high of Rs 172 before falling to a low of Rs 164.05. The stock has underperformed its sector by 0.57%, and the weighted average price suggests that more volume was traded closer to the low price. Despite this decline, Lemon Tree Hotels has shown strong long-term growth, with an annual operating profit growth rate of 38.86%, and has delivered positive results for the last four consecutive quarters, including a 41.69% growth in PAT over the latest six months. High institutional holdings at 41.31% further support the stock, as these investors typically have better resources to analyze the company's fundamentals.In the broader market context, Lemon Tree Hotels has outperformed the benchmark indices over various periods, including a 24.13% return over the last year, while the Sensex has declined by 2.83%. However, the stock's recent performance has been weaker compared to the benchmark, with a 1-week return of -2.21% against the Sensex's -1.84%. This suggests that while the company has strong fundamentals and long-term growth potential, the recent decline in stock price may be influenced by falling investor participation, as indicated by a significant drop in delivery volume.
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