144% Rally: Tata Stock To Buy After Q4 Results, TP Rs 10,000; Bonus Rs 25/Share Dividend

Small cap Tata Group stock, Benares Hotels Ltd share gained 1.95% after recommending highest Rs 25/share final dividend earlier this month on April 19, 2024. Last trading price of Benares Hotels share on BSE is Rs 9136.60 per share. The company has a market capitalisation of Rs 1187.76 crore. Benares Hotels shares offered outstanding returns of 143% in last 1-year. The PE of Benares Hotels Ltd is 37.07 and EPS (TTM) is 86.96.

Benares Hotels is technically strong with score of 70.1. Stocks with score above 70 are believed to be technically robust. The hotel industry stock also declared healthy quarterly results for Q4 FY 2023-24 with PAT for quarter Q4 jumping by 52.6%. More details below:

Benares Hotels To Consider Dividend: As per the regulatory filing of Benares Hotels dated April 19, 2024, "Recommended a dividend @ 250 % i.e., Rs. 25/- per share on 13,00,000 Equity Shares of Rs.10/- each (previous year @200% i.e., Rs. 20/- per Equity Share), subject to approval of the Shareholders at the forthcoming Annual General Meeting of the Company."

How Much 1000 Shares Investment Gave Profit After 1-Year? Benares Hotels shares offered return of 143.71% in last 1-year. 1-Year ago on April 26, 2023, Benares Hotels share price was Rs 3749 apiece. If you had bought 1000 shares of Benares Hotels Ltd an year ago, you would have got a net profit of Rs 16,58,688 lakh in 1-year span with a total corpus of Rs 54,07,688 considering the stock also offered dividend of Rs 20/share as well with ex-dividend date as Aug 17, 2023.

Benares Hotels Q4 Results: Benares Hotels Ltd today declared its results for the 4th quarter and full year ending March 31, 2024 on April 19, 2024. The small cap company declared its profit after tax (PAT) for Q4 FY 2023-24 at Rs 11.6 crore, up 52.6% as against Rs 7.6 crore announced in the similar quarter of last year. The hotel stock declared its revenue for Q4 FY 2023-24 at Rs 36.6 crore, up 30.71% as against Rs 28.0 crore declared in the corresponding quarter of last year. It declared EBITDA for the quarter under review at Rs 16.9 crore, up 44.44% from Rs 11.7 crore declared in Q4 of FY 2022-23.

Benares Hotels Share Performance & Return: The 52-week high price of Benares Hotels shares on BSE is Rs 10,051.00 apiece (as on 01/02/2024) and 52-week low price is Rs 3571.00 apiece (as on 05/05/2023). The small cap company has a market capitalisation of Rs 1187.76 crore. Benares Hotels shares fell over 5% in last 3-months. Benares Hotels stock zoomed 48% in last 6-months, gave return of 322% in last 2-years, and soared 622% in last 3-years.

Should You Buy Benares Hotels? AR Ramachandran from Tips2trades has recommended buy call to Benares Hotels shares with target price of Rs 10,000 in near term.

Benares Hotels Technical: Its RSI is 55.1. RSI below 30 is considered oversold and above 70 overbought. MFI is 43.0, MFI below 30 is considered oversold. This implies that stock may rebound. Promoters holding remains unchanged at 62.57% in Dec 2023 quarter, according to Trendlyne.

About: Benares Hotels Limited is a listed public limited company incorporated in 1971. The Company operates its hotels, viz. Taj Ganges and Nadesar Palace in Varanasi and Ginger Hotel, Gondia in Maharashtra. The Company became a subsidiary of The Indian Hotels Company Limited in 2011. While Taj Ganges and Nadesar Palace at Varanasi has 144 rooms and suits, Ginger Hotel at Gondia has 34 rooms, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of AR Ramachandran from Tips2trades. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.