1:1 Bonus Share: Hotel Stock Hits 52-Week High On Ex-Bonus Day, Up 50% In 1-Month

Small cap company from the Hotels & Resorts industry Sinclairs Hotels Ltd shares hit fresh 52-week high in trade today as shares are trading ex-bonus today. The company had fixed January 29, 2024 as the record date for 1:1 bonus issue on January 12, 2024. Last trading price of Sinclairs Hotels shares on BSE is Rs 156.30 per share with intraday rally of 5.11%. Sinclairs Hotels stock offered stunning returns of 50% in just last 1-month only and zoomed 104% in last 3-months. Sinclairs Hotels has a market capitalisation of Rs 801.71 crore. Check details below:

Sinclairs Hotels Trades Ex-Bonus Today: The company on December 22, 2023 recommended bonus share in the ratio of 1:1. It fixed January 29, 2024 as the record date for bonus issue.

When a company announces a bonus share issue it declares an ex-date as well. The ex-date is the last day to buy that particular company's shares to become eligible for a bonus share issue. Anyone who buy shares of the company after the ex-date will not be eligible for bonus issue.

Sinclairs Hotels Stock Outlook & Return: The 52-week high price of Sinclairs Hotels share on BSE is Rs 174.80 apiece and 52-week low price is Rs 46.27 apiece, respectively. Sinclairs Hotels shares gained 107% in last 6-months, zoomed 189% in last 1-year, and offered return of 321% in last 2-years. In last 3-years, Sinclairs Hotels stock surged 592% and rallied 375% in last 5-years.

Sinclairs Hotels About: Sinclairs Hotels and Resorts owns and operates nine properties in India at Burdwan, Siliguri, Darjeeling, Kalimpong and Dooars in West Bengal, Gangtok and Yangang in Sikkim, Ooty in South India and Port Blair in the Andamans, according to its official website.

Disclaimer:

The stock highlights the bonus share and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.