Five straight upper circuits: This low-priced hotel stock has almost doubled in just five trading sessions, watch out!

While it remains to be seen whether the company can sustain this impressive run, one thing is for sure - this rare feat is a clear sign

Rare achievements are always worth celebrating, whether it's hitting six sixes in an over in cricket or achieving consecutive upper circuit limits in the stock market. Asian Hotels (North) Ltd has just accomplished the latter.  

But first, let's talk about what this company does. Asian Hotels (North) Ltd is primarily in the business of hospitality and hotel operations. Their flagship property, the Hyatt Regency Delhi, is a five-star deluxe hotel that offers over 2,955 square metres of meeting space for both business and social events.  

Now, back to the rare feat achieved by this stock. Over the past few days, the stock has managed to hit five consecutive upper circuit limits. Starting from a low of Rs 70.05 on March 29, 2023, the stock closed at Rs 137.05 on Wednesday, with only buyers in the market. This achievement has brought the stock to levels not seen since 2019.  

With a market cap of Rs 267 crore and promoter holding of about 50.7 per cent , investors who have been following this stock are likely thrilled by its recent performance and hence, Asian Hotels (North) Ltd is definitely a stock worth keeping an eye on.  

While it remains to be seen whether the company can sustain this impressive run, one thing is for sure - this rare feat is a clear sign that Asian Hotels (North) Ltd is a force to be reckoned with in the stock market!