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Lemon Tree Hotels Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 5236.75 Crore) operating in Tourism & Hospitality sector.

The stock rose more than 4 per cent in a week and over 10 per cent in a month. The recent price action helped the stock to climb above the 50-DMA in the last week of July. The moving average is now acting as crucial support for the stock.

A total of 540,490 shares changed hands on the counter till 02:10PM (IST).

“It was really good after the IPO. It almost felt like what Sachin Tendulkar would have felt when he was walking out to bat. People started cheering expecting that you will do something good and really great. In ten days something changed, something flipped. I have no idea what happened but the narrative shifted and we became evil.”

"This further showcases the rise of domestic investors and the huge counterbalancing role they have played to foreign investors. To also put this in perspective, as on March 31, 2015, FPI share was 23.30 per cent while the combined share of DII, retail and HNI was just 18.47 per cent," said Pranav Haldea, Managing Director at PRIME Database Group

As of 30-Jun-2022, promoters held 50.0 per cent stake in the company, while FIIs held 34.83 per cent and domestic institutional investors had 2.71 per cent.

Depending upon the bigger picture, the move could be in the direction of the trend or a reversal. So, any kind of a reversal or breakout pattern that either appears or starts getting confirmed at these times should be taken immediate note of and acted upon.

The stock traded at a P/E multiple of 4.83, while the price-to-book value ratio stood at 2.3.

“Last year, we launched pure coconut oil as well as Coco Onion and with that at least in the hair oils market, we have a larger presence now. So that would be our strategy going forward. This quarter has been a good quarter as far as the top line is concerned and we want to replicate that.”

Gati Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 1983.49 Crore) operating in Logistics sector.