Dividend, Bonus Share Likely Tomorrow: Small Cap Hotel Stock Soars 38% In 30-Days

Small cap company operating in Hotel & Resorts industry, Advani Hotels & Resorts (India) Ltd will hold its meeting of Board of Directors on January 29, 2024 to consider financial results, interim dividend, and bonus shares. Last trading price of Advani Hotels shares on BSE is Rs 142.15 apiece with intraday gain of 2.86%.

Advani Hotels shares jumped 26% in last 1-week only on the buzz of interim dividend and bonus shares announcement. The company announced on January 22, 2024 about its meeting of Board to be held tomorrow. Advani Hotels has a market capitalisation of Rs 657.01 crore. Check detail below:

Advani Hotels To Consider Dividend, Bonus Share, Results Tomorrow: As per the BSE filing of Advani Hotels dated January 22, 2024, "a Meeting of the Board of Directors of the Company is scheduled to be held on Monday, January 29, 2024, inter alia, to consider the following business:

1. Approval of the Unaudited Financial Results of the Company for the Quarter and Nine Months ended December 31, 2023.

2. Declaration of Interim Dividend on the Equity Share Capital of the Company for the Financial Year 2023-24, if any.

3. Issue of Bonus Shares to the Equity Shareholders of the Company."

Advani Hotels Shares Performance & Return: The 52-week high price of Advani Hotels shares on BSE is Rs 144.00 apiece and 52-week low price is Rs 66.75 apiece, respectively. Advani Hotels shares jumped 38% in last 1-month, soared 54% in last 6-months, rallied 85% in last 1-year, and offered shareholders return of 211% in last 3-years. Advani Hotels shares hit 52-week high for 3 consecutive days from January 23 and January 25, 2024.

Advani Hotels About: It is engaged in providing short-term accommodation activities, and restaurant and mobile food service activities, among others. Advani Hotels provides garden view rooms, pool/ocean view rooms, oceanfront view rooms, deluxe suites, family villa, and presidential villa, etc. The small cap company came into existence in 1987.

Advani Hotels Recent Financials: The company for the quarter ended September 30, 2023 declared its net sales at Rs 17.25 crore, up 5.61% as compared to Rs 16.33 crore in September 2022. The company's quarterly net profit was declared at Rs 0.45 crore for the September 2023 quarter, down 79.44% from Rs 2.18 crore in the corresponding quarter of 2022. Its EBITDA stood at Rs 1.04 crore in September 2023, down 72.99% as against Rs 3.85 crore in the similar quarter of 2022. Its EPS came down to Rs 0.09 for September 2023 quarter from Rs 0.47 in September 2022.

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