Recent Price Movement and Market Context
On 02 December, Oriental Hotels closed at ₹114.90, down by 0.43% or ₹0.50 from the previous session. This decline marks the fourth consecutive day of losses, with the stock falling approximately 5.12% over this period. The share price also touched a new 52-week low of ₹113.55 during the day, signalling persistent selling pressure. Notably, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a bearish technical outlook.
Comparatively, the broader market benchmark, the Sensex, has been advancing, with gains of 0.65% over the past week and 1.43% over the last month. In stark contrast, Oriental Hotels has underperformed significantly, posting losses of ...
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