Stock Radar: Indian Hotels’ Stock Soars Over 70% in Single Year to Reach New All-Time High

In 2024, there was a significant surge in the stock of Indian Hotels, rising from ₹380 on June 23, 2023, to ₹649 on June 26, 2024, marking a 70% increase in the span of a year. However, it met resistance after peaking at ₹602 in February 2024, followed by a subsequent consolidation within a ₹480-500 range for support, and ₹600-622 for resistance. Industry experts suggest the rally isn’t over yet, appealing to short-term traders to consider buying the stock immediately or in future dips, with a projected target of ₹685 within 3-4 weeks.

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