Recent Price Movement and Sector Context
Samhi Hotels has been on a downward trajectory for the past three consecutive days, losing nearly 4.91% in that period. The stock’s performance today was broadly in line with the Hotel, Resort & Restaurants sector, which itself declined by 2.92%. The intraday low of Rs 180 underscores the selling pressure that has intensified in recent sessions. Furthermore, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical outlook.
Investor participation has also waned, with delivery volumes on 19 Jan falling by almost 30% compared to the five-day average. This reduced liquidity and investor interest may be exacerbating the downward price pr...
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