EIH Shares Need To Close Above ₹400 To ‘Activate The Bulls,’ Says SEBI RA Finversify

EIH Ltd must break above the ₹400 mark on a closing basis to spark bullish momentum, according to SEBI-registered research firm Finversify.

The firm noted that the stock is currently testing a downward-sloping trendline resistance on the weekly chart. 

At the time of writing, EIH Ltd shares were trading at ₹371.70, down 2.03%.

While the company's fundamentals remain sound following a steady fourth-quarter (Q4), with net profit rising 6% year-over-year (YoY) to ₹262 crore and revenue up 11% to ₹866 crore, technical signals suggest caution.

Finversify highlighted the lack of momentum and falling volumes as near-term concerns. 

According to Finversify, support is seen near the ₹350 level, which could act as a base if the stock pulls back.

EIH Ltd, which operates luxury hotels under the Oberoi, Trident, and Maidens brands, reported EBITDA growth of 13% YoY. 

The board also proposed a ₹1.5 per share dividend, subject to shareholder approval.

Finversify said sustained performance amid sector volatility reflects fundamental strength, but a confirmed breakout is required for technical upside.

On Stocktwits, retail sentiment was ‘neutral’ amid ‘normal’ message volume.

The stock has declined 13.4% so far in 2025.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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