Share News: Shares of 3 companies surged, nearing upper circuit, with volumes rising from thousands to crores.:On April 21st, the stock market witnessed significant activity in some stocks in the hotel, food, and housing finance sectors. Strong fourth-quarter results boosted investor confidence. Major brokerage houses are also expressing confidence in these stocks, leading to a positive market sentiment.

News Topical, Digital Desk : Stocks related to the hotel and housing sector remained on investors' radar during the April 21 trading session. Lemon Tree Hotels was the most talked about, witnessing a strong rally and record volume. Lemon Tree Hotels' stock opened at ₹113.80, compared to its previous close of ₹113.13. Subsequently, at 10:40 am, the stock surpassed ₹125, marking a strong rally in early trading. The company's all-time high is ₹180.68, while its all-time low is ₹14.05.

In terms of returns, the stock has lost 13% in the past year, but has gained 50% in three years. In just one month, the stock has gained 20%.

The company's market cap is approximately ₹10,000 crore. The promoters' stake is 22.32%. As of March 2026, the FII shareholding was 21.6%, indicating continued interest from foreign investors. The public shareholding is also 20.48%.

The biggest indication came from volume. On a normal day, this stock trades around 4.4 million shares, but by 11 a.m. on April 21, the volume had already reached 40 million shares. This indicates robust trading activity in the stock.

The second company was Sapphire Foods India, which is engaged in the quick-service restaurant business. The stock opened at ₹174.93 against a closing price of ₹173.23 and crossed ₹180 at 10:40 am. The company's all-time high is ₹401, while its all-time low is ₹139.91.
Although the stock has fallen 42% in the past year and 25% in three years, it has gained 12% in the past month. The company's market cap is approximately ₹5,700 crore. Promoter stake is 26.06%, while FII stake is 29.22% by March 2026.

The third major news came from PNB Housing Finance. The company's fourth-quarter results were strong, as expected. The loan book grew 15% year-on-year, while retail assets increased 16%. Retail disbursements increased 32%. Net interest income (NII) grew by 11 percent and profit grew by 19 percent on a yearly basis.

Asset quality remained strong. GNPA was 0.93 percent and NNPA was 0.57 percent. The company has estimated retail loan growth to be 18 to 20 percent by FY27. Also, the loan book is expected to cross Rs 1 lakh crore.

Brokerage house Morgan Stanley has given an overweight rating to the stock and has given a target of Rs 1160. Whereas Motilal Oswal has given a target of Rs 906 with a buy rating.
Overall, the sharp movement in the shares of hotel, food and housing finance sector in the market has attracted the attention of investors.