New Delhi, April 22 -- Samhi Hotels share price has surged over 45% from its 52-week lows on Tuesday's session. Technical analysts, highlighted that Samhi Hotels share price swept its IPO lows of Rs.127.25 and rallied over 51% in just 9 sessions, backed by strong volume spikes above the 50-day average. Samhi Hotels share price today slumped 3%, the stock opened at Rs.182.05 apiece on the BSE. The hotel stock touched an intraday high of Rs.182.75 apiece, and an intraday low of Rs.176.10 per share.

Anshul Jain, Head of Research at Lakshmishree Investment and Securities, explained that after this sharp move, a brief consolidation and moving average catch-up are likely for the next 1-2 weeks. Once the base builds, the next leg of the rally t...