Small Cap Tata Group Stock Recommends 200% Dividend, Hits 52-Week High; Details Inside

Benares Hotels Limited, on Wednesday, April 19, 2023, recommended a dividend of 200% i.e. Rs 20/share. Benares Hotels is a subsidiary of The Indian Hotels Company Limited- a Tata Group company. The Company became a subsidiary in 2011. The Company operates its hotels, viz. Taj Ganges and Nadesar Palace in Varanasi and The Gateway Hotel, Gondia in Maharashtra.

Recommended Dividend of 200% or Rs 20/share

In its exchange filing, Benares Hotels Limited has said, "Recommended a dividend of 200 % or Rs. 20/- per share on 13,00,000 Equity Shares of Rs.10/- each subject to approval of the Shareholders at the forthcoming Annual General Meeting of the Company."

Stock Performance & Outlook

The last traded share price of the Benares Hotels is Rs 3,723.35 apiece, down 1.27% as compared to the previous close on BSE. Today, April 19, 2023, the stock hits its new 52 week high at Rs 3,925/share, while it's 52 week low on 26 May 2022 at Rs 1,600/share. The stock has given 13.86% positive return in 1 week, and 15.64% in 1 month, respectively. It has given 57.05% positive return in 1 year. In the past 3 years, it has given 182.36% positive return. In the past 5 years, it has given 180.06% positive return.

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