1:1 Bonus Share: Multibagger Small Cap Hotel Stock Recommends Maiden Bonus Issue

Small cap stock from the Hotels & Resorts industry Sinclairs Hotels Ltd recommended its maiden bonus share on December 22. The company recommended bonus share in the proportion of 1:1 that implies shareholders will be eligible to receive 1 bonus share for every 1 share held as on the record date. Last trading price of Sinclairs Hotels shares on BSE is Rs 205.65 per share with intraday fall of 1.72%. Sinclairs Hotels shares soared 12% in last 1-week and gained 95% year-to-date. Check details below:

Sinclairs Hotels Recommends Bonus Share: As per the BSE filing of the company dated December 23, "Board of Directors of the Company at its meeting held today i.e., December 22, 2023, inter alia, has considered and approved issue of fully paid-up Bonus equity shares of Rs. 2/- each in the ratio of 1:1 i.e., 1 (One) Bonus Equity Share of Rs 2/- for every 1 (One) Equity Share of Rs 2/- held by the members of the Company as on the Record Date to be fixed by the Board thereof for the purpose. The bonus issue of equity shares is subject to the approval of shareholders in an Extraordinary General Meeting of the Company."

Sinclairs Hotels Stock Performance & Return: The stock's 52-week high price is Rs 220.85 per share and 52-week low price is Rs 92.53 per share, respectively. The company has a market capitalisation of Rs 558.34 crore. Sinclairs Hotels shares gained 72% in last 6-months, jumped 97% in last 1-year, rallied 189% in last 2-years, and offered return of 334% in last 3-years. Sinclairs Hotels shares offered return of 208% 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.