EIH stock has witnessed the formation of 'Death Cross'. ITC Hotels, EIH Associated Hotels, Taj GVK and Mahindra Holidays have also seen the similar bearish formation in the recent past.
Hotel rooms under ₹7,500 move to 5% slab, will bolster midscale segment
The company will be expanding through its Oberoi and Trident brands for the new hotels under management contracts, it said in a release in a stock exchange filing