Why is Lemon Tree Hotel falling/rising?
As of 17-Sep, Lemon Tree Hotels Ltd's stock price is Rs 174.40, down 1.05%, and has underperformed its sector recently. Despite a short-term decline, the stock has shown strong long-term growth with a 33.38% increase over the past year and high institutional confidence.
As of 17-Sep, Lemon Tree Hotels Ltd is experiencing a decline in its stock price, currently at Rs 174.40, which reflects a decrease of Rs 1.85 or 1.05%. The stock has underperformed its sector by 1.21% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 1.13% during this period. Despite this recent decline, the stock has shown strong performance over the longer term, with a 33.38% increase over the past year and a remarkable 506.61% rise over the last five years. However, the stock is currently 3.56% away from its 52-week high of Rs 180.6. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 50.32% compared to the five-day average.In the broader market context, Lemon Tree Hotels' short-term performance has lagged behind the Sensex, which has gained 1.56% over the past week, while the stock has only increased by 0.81%. Despite this recent underperformance, the company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 38.86% and consistent positive quarterly results. The high institutional holdings at 41.31% indicate strong confidence from more sophisticated investors, which may provide some support for the stock. However, the recent decline in trading volume and the stock's current underperformance relative to the benchmark may be contributing factors to its recent price movement.
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