Top Trending Stock: Share of this company remains in top trending, today there was a jump of more than 11 percent – share of royal orchid hotels ltd remains in top trending
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Mumbai: Amidst the boom in the stock market, today many stocks are witnessing a boom. The shares of the hotel and restaurant sector are seeing strength today. Today, heavy buying of investors is being seen in the shares of a small cap company of the same sector. This share belongs to Royal Orchid Hotel Limited. There has been a jump of more than 11 percent in this stock today. The stock is Royal Orchid Hotel (NSE Scrip Code: ROHLTD) which has a market cap of Rs 740 Crore. On D-Street, the stock is trading in the range of Rs 318 and Rs 207 since September 2022. The stock is looking strong on the technical charts as well. It has registered a breakout on the daily chart. Strong volume is showing bullish momentum in this stock. A close around the day’s high will form a bullish candle on the daily chart. The 14-day period RSI (60) is also near its high on the daily chart. Investors can include this stock in their portfolio to earn profits.
Let us tell you that Royloy Orchid is one of the fastest growing hospitality brands in India, which manages a portfolio of 3920+ guest rooms in 58 hotels and resorts in 38 cities across the country. It was founded in 2001 by Chander K Balji. The company also plans to add 20 hotels in the year 2023.
Let us tell you that Royloy Orchid is one of the fastest growing hospitality brands in India, which manages a portfolio of 3920+ guest rooms in 58 hotels and resorts in 38 cities across the country. It was founded in 2001 by Chander K Balji. The company also plans to add 20 hotels in the year 2023.
This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.
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