Why is Viceroy Hotels falling/rising?
As of 24-Jul, Viceroy Hotels Ltd's stock price is 111.00, having increased by 1.1 (1.0%). Despite recent short-term gains, the stock has underperformed over the past year and shows weak long-term fundamentals, indicating a cautious outlook.
As of 24-Jul, Viceroy Hotels Ltd's stock price is currently at 111.00, reflecting an increase of 1.1 (1.0%). The stock has shown a positive trend recently, gaining 2.78% over the last two days and outperforming its sector by 0.94% today. It opened with a notable gain of 3.95% and reached an intraday high of Rs 114.24. However, despite these short-term gains, the stock has underperformed over the past year, with a return of -9.21%, while its long-term fundamentals remain weak, indicated by a low Return on Capital Employed (ROCE) of 1.52% and a high Debt to EBITDA ratio of 60.00 times. Additionally, there has been a decline in institutional investor participation, which may contribute to the stock's volatility.In the broader market context, Viceroy Hotels has outperformed the benchmark Sensex in the short term, with a 1-week return of +3.74% compared to the benchmark's slight decline of -0.09%. However, the stock's year-to-date performance is concerning, showing a decline of -9.39% against the Sensex's gain of +5.18%. This underperformance, coupled with weak long-term growth prospects and falling institutional interest, suggests that while the stock may be experiencing a temporary rise, the overall outlook remains cautious.
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