52-Week High: Hotel Stock To Offer 1 Bonus Share On Jan 29, Gains 38% In 30 Days

Small cap company operating in Hotels & Resorts industry Sinclairs Hotels Ltd shares today hit fresh 52-week high for second consecutive session. Current market price of Sinclairs Hotels share on BSE is Rs 253.75 with intraday gain of 4.53%. Sinclairs Hotels shares soared 137% in last 1-year and gained 121% in last 6-months.

Sinclairs Hotels fixed January 29, 2024 as record date. The company on December 23, 2023 approved bonus issue in the proportion of 1:1 implying shareholders will be eligible to receive 1 bonus share on January 29, 2024. Check details below:

Sinclairs Hotels To Offer Bonus Share On Jan 29, 2024: As per the regulatory filing of the company dated Jan 12, 2024, "The Company has fixed Monday, January 29, 2024, as the 'Record Date' for the purpose of ascertaining the eligibility of Shareholders for the issuance of fully paid-up Bonus Shares in the ratio of 1:1 (i.e. One equity share of Rs. 2/- each fully paid up for every One existing equity share of Rs. 2/- each), subject to approval of Shareholders which is being obtained in an Extra Ordinary General Meeting of the Company scheduled on January 18, 2024."

Sinclairs Hotels Stock Outlook & Return: The 52-week high price of Sinclairs Hotels share on BSE is Rs 260.00 per share and 52-week low price is Rs 92.53 apiece, respectively. The company has a market capitalisation of Rs 651.00 crore. Sinclairs Hotels shares rallied 21% in last 2-weeks, soared 38% in last 1-month, gained 121% in last 6-months, rose 236% in last 2-years, and offered return of 440% in last 3-years. In last 5-years, Sinclairs Hotels shares gained 279%.

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.

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