Rs 20/Share Dividend Reward: Tata Group Hidden Small Cap Gem Gained 174% In 12 Months

Tata Group hotel & resorts sector company Benares Hotels Ltd shares offered shareholders return of 174% in last 12 months from March 17, 2023 to March 17, 2024. Benares Hotels share was priced at Rs 3219.8 apiece on March 17, 2023 and today the stock's price is Rs 8826.15 apiece. Benares Hotels declared an equity dividend of Rs 20.00 per share in last 12 months. Benares Hotels is technically neutral at 54.8. Stocks with score above 70 are considered as technically strong and below 35 are considered weak. Check details below:

Benares Hotels Shares 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 3050.00 apiece (as on 28/03/2023). The small cap company has a market capitalisation of Rs 1147.40 crore. Benares Hotels shares declined over 3% in last 1-week and declined over 4% year-to-date. In last 6-months, Benares Hotels shares surged 51% and offered return of 168% in last 1-year. In last 2-years, Benares Hotels stock gained 365% and rallied 578% in last 3-years. In last 5-years, Benares Hotels share surged 510%. The scrip offered return 1407% in last 10-years.

Benares Hotels Dividend History: Benares Hotels Ltd. announced 22 dividends since August 14, 2001. In last 12 months, the subsidiary of The Indian Hotels Company Limited (IHCL) announced an equity dividend of Rs 20.00 per share. If the current market of 8826.15 per share is taken into consideration, Benares Hotels Ltd offers dividend yield of 0.23%.

Benares Hotels Q3 Results: BHL declared healthy results for the third quarter ending December 31, 2023. The company declared its revenue for FY 23/24 at Rs 34.5 crore as against Rs 28.6 crore declared in FY 23/24. The company announced EBITDA at Rs 16.7 crore for the quarter ended December 2023 as against Rs 12.7 crore reported in the corresponding quarter of last year. BHL declared its profit for the quarter under consideration at Rs 11.3 crore as against Rs 8.3 crore in the corresponding quarter of last year.

Dr. Anant Narain Singh, Chairman, Benares Hotels Limited (BHL) said, "We witnessed high demand-owing to increase in domestic travel and events in the city. BHL reported three consecutive quarters of over 20% growth in revenue leading to an all-time high PAT for the nine-month period ending December 2023."

Benares Hotels Technical: Its RSI is 44.0. RSI below 30 is considered oversold and above 70 overbought. MFI is 27.1, MFI below 30 is considered oversold. This implies that stock may rebound. Benares Hotels Ltd. is currently at 507.01 Day ATR. Promoters holding remains unchanged at 62.57% in Dec 2023 quarter, according to Trendlyne.

Major BHL Updates: BHL began construction of a new wing comprising of 100 additional rooms and a restaurant. In the first phase of renovation, Taj Ganges has operationalized its new swimming pool, as per its regulatory filing.

Recent Appointment At BHL: The company issued its BSE filing dated March 5, 2024, "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), this is to inform you that the Board of Directors at their meeting held today, approved the appointment of Mr. Veeramani Venkata as the Chief Financial Officer (CFO) i.e. Key Managerial Personnel (KMP) of the Company w.e.f. March 5, 2024.

Disclaimer: The stock highlights rally in shares, Q3 and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.