Small Cap Tata Stock Under Rs 100 Recommends Rs 0.50 Dividend, Gave Over 350% Returns In 3 Yrs

Oriental Hotels Ltd. (OHL) in its board meeting held on Thursday, 20 April 2023, recommended a dividend of Rs 0.50 per equity share for the financial year 2023. OHL is a small-cap stock of Tata Group operating in the hospitality sector. It has a market capitalisation of Rs 1,514.52 crore.

The hospitality business of OHL was established under the technical and operational support of Indian Hotels Company Ltd (IHCL), the hospitality wing of the Tata Group. IHCL owns and operates hotels under the "Taj" brand in India and abroad.

Recommends Rs 0.50/share Dividend

The Board of Directors of Oriental Hotels Ltd. in their regulatory filing has said, "Recommended a dividend of Rs.0.50 per equity share for the financial year ended March 31, 2023."

Stock Performance and Returns

The stock of Oriental Hotels is currently trading at Rs 84.80 apiece, down 1.34% from its previous close of Rs 85.95 apiece. The stock recorded its 52 week high on 20 April 2023 at Rs 89.35/share, and 52 week low on 26 May 2022 at Rs 50.60 apiece, respectively.

It has given 0.74% positive return in 1 week, and 10.05% in 1 month, respectively. It has given 33.94% positive return in 1 year. In the past 3 years, the stock has given 363.65% positive return. In 5 years it has given 55.83% positive return.

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