Bonus Shares Likely In 4-Days, Rs 6 Dividend Soon: Hotel Stock Zooms 13.55% In 1-Week

EIH Associated Hotels Ltd shares gained nearly 17% today to scale new record high of Rs 845.00 per share as the Board of Directors will hold meeting on June 14, 2024 to consider and recommend bonus share. Earlier, EIH Associated Hotels declared a final dividend of Rs 6/- per equity share and fixed July 29, 2024 as the record date. EIH Associated Hotels shares offered attractive return of 73.86 year-to-date. The company has a market capitalisation of Rs 2,486.81 crore. Current market price of EIH Associated Hotels share on BSE is Rs 817.30 per share on BSE. More details below:

EIH Associated Hotels Ltd To Consider Bonus Share On June 14: As per the BSE filing of EIH Associated Hotels Ltd dated June 7, 2024, "the meeting of the Board of Directors of the Company will be held on Friday, 14 th June 2024, to consider and recommend, interalia, capitalization of reserves by issuing Bonus Shares to the Equity Shareholders of the Company, subject to the approval of the Shareholders."

EIH Associated Hotels Sets Record Date For Dividend: As per the regulatory filing of EIH Associated Hotels dated May 24, 2024, "The Board of Directors at their meeting held today, recommended a final dividend @ 60%, i.e., Rs. 6/- per equity share of face value Rs.10/- each, fully paid up, to the Shareholders for the Financial Year 2023-24."

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, the Company has fixed Monday, 29th July 2024 as the record date for determining the list of eligible shareholders to receive the Final Dividend for the Financial Year 2023-24, if approved at the Forty-First Annual General Meeting of the Company, scheduled to be held on Monday, 05th August, 2024, added the BSE filing.

EIH Associated Hotels Share Performance: The 52-week high price of EIH Associated Hotels share on BSE is Rs 845.00 per share (as on 10/06/2024) and 52-week low price is Rs 418.55 per share (as on 26/10/2023), respectively. EIH Associated Hotels shares offered attractive returns in last few months only. EIH Associated Hotels shares gained 74% year-to-date, zoomed 62% in last 1-year, and offered attractive return of 104% in last 2-years. In last 3-years, EIH Associated Hotels Ltd stock surged 134%.

EIH Associated Hotels Q4: The company reported its financial results last month. It declared a jump of 22.88% in its net sales to Rs 132.50 crore for the quarter ended March 31, 2024 as compared to Rs 107.83 crore declared in the corresponding quarter of last year. Its quarterly net profit surged 40.7% to Rs 36.81 crore for March 2024 quarter as against Rs 26.17 crore declared in the similar quarter of last year. The EBITDA of the company stood at Rs 53.84 crore for March 2024 quarter, up 54.67% from Rs 34.81 crore declared in March 2023. EPS of the company zoomed to Rs 12.08 in March 2024 from Rs 8.59 in March 2023.

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