This Microcap Hotels Sector Stock Recommended Final Dividend Of Rs 2/share; Check Details

Gujarat Hotels Ltd., an associate company of ITC Limited, on Wednesday, April 19, 2023, recommended a final dividend of Rs 2/share of Rs 10 each for the financial year ended 31st March 2023.

Gujarat Hotels was incorporated in the year 1982. The company owns the Welcome Hotel Vadodara in Vadodara which is operated by ITC Limited under an Operating Licence Agreement. It is a microcap Hotels stock having a market capitalisation of Rs 54.16 Crore.

Recommended Rs 2/share final dividend

According to the regulatory filing by the company, "the Board of Directors have recommended, subject to the approval of shareholders, final dividend of ₹2 per equity share of ₹10/- each for the financial year ended 31st March, 2023. The details w.r.t. date of convening of the Annual General Meeting and record date for payment of dividend will be announced in due course."

Stock Performance & Outlook

The stock of the Guarat Hotels last traded at Rs 142.40/share, up 3.08% from the previous close. Its 52 week high is Rs 169.95/share and 52 week low is Rs 110.35/share, respectively.

It gains 0.99% in the last 1 week, and 7.,07% in the last 1 month, respectively. It gave 2.41% positive return in the last 1 year. In 3 years, it has given the higgest 75.91% positive return. In 5 years it has given 7.35% positive return.

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