Recent Price Movement and Market Performance
On 23 January, Oriental Hotels Ltd’s shares traded close to their 52-week low, just 2.91% above the lowest price of ₹98.35. The stock underperformed its sector by 2.08% on the day, hitting an intraday low of ₹101.05, reflecting persistent selling pressure. Notably, the weighted average price indicates that a greater volume of shares exchanged hands near the day’s low, signalling bearish investor sentiment. The stock has been trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a sustained downtrend.
Investor participation has also waned, with delivery volumes on 22 January dropping by over 72% compared to the five-day average, suggesting reduced conviction am...
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