OVERVIEW
- 1.68 lakh shares of the company were exchanged in the hospitality sector scrip, resulting in a turnover of Rs 9.90 crore on the BSE.
- In just two years, the stock has increased by 154%, and in three years, it has gained 463%.
- Technically speaking, the stock’s relative strength index (RSI) is 62.2, indicating that it is neither trading in either the overbought nor the oversold areas.
Indian Hotels Ltd.’s stock has yielded a 90% annual return. In Thursday’s trading, the Tata Group shares closed 0.96% higher at Rs 591.35 compared to the Rs 312.5 level on March 28, 2023. On February 23, 2024, the Indian Hotels stock reached a record high of Rs 602.75.
1.68 lakh shares of the company were exchanged in the hospitality sector scrip, resulting in a turnover of Rs 9.90 crore on the BSE. The company’s market value increased to Rs 84,174 crore on the BSE. On March 29, 2023, the multibagger stock of the Tata Group dropped to a 52-week low of Rs 310.
“Indian Hotels stock price looks bullish on the Daily charts with strong support at Rs 569. A daily close above resistance of Rs 600 could lead to target of Rs 637 in the near term.”
Abhijeet, Tips2trades
