Why is Royale Manor falling/rising?
As of 05-Aug, Royale Manor Hotels & Industries Ltd is currently priced at 47.65, showing a 0.93% increase and a trend reversal after recent declines. Despite a year-to-date decline of 11.76%, the stock has significantly outperformed the benchmark over 3 and 5 years, indicating strong historical performance.
As of 05-Aug, Royale Manor Hotels & Industries Ltd is experiencing a price increase, currently at 47.65, reflecting a change of 0.44 or 0.93% upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. Additionally, it has outperformed its sector by 0.99%. The stock's delivery volume has increased by 9.03% compared to the 5-day average, indicating rising investor participation. While the stock is currently above its 200-day moving average, it remains below the 5-day, 20-day, 50-day, and 100-day moving averages. Over the past week, the stock has decreased by 4.81%, but it has shown a positive return of 1.47% over the past month, contrasting with a decline of 3.26% in the benchmark index.In the broader market context, the Sensex has decreased by 0.77% over the past week, suggesting that the stock's recent performance is relatively strong compared to the market. Year-to-date, Royale Manor has underperformed with a decline of 11.76%, while the Sensex has gained 3.29%. However, over the longer term, the stock has significantly outperformed the benchmark, with a 3-year return of 99.37% compared to the Sensex's 38.23% and a 5-year return of 305.53% against 114.29%. This indicates that despite recent volatility, Royale Manor has a strong historical performance that may be influencing investor sentiment positively.
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