Tata Gem To Declare Dividend, 500 Shares Bought 1-Yr Ago Gave Rs 11,19,138 Profit

Tata Group hotel sector stock, Benares Hotels Ltd will hold meeting of its Board of Directors on April 19, 2024 to consider financial results and recommend a final dividend, if any. Last trading price of Benares Hotels share on BSE is Rs 8791.95 apiece with intraday gain of 1.56%. Benares Hotels share offered return of 168.87% in last 1-year and soared 250% return in last 2-years span.

Benares Hotels declared an equity dividend of Rs 20.00 per share in last 12 months. Benares Hotels is technically moderately strong at 61.2. Stocks with score above 70 are considered as technically strong and below 35 are considered weak. Check details below:

Benares Hotels To Recommend Dividend, If Any: According to the BSE filing of the company dated April 10, 2024, "a Meeting of the Board of Directors of the Company is scheduled to be held on Friday April, 19, 2024, inter-alia, to take on record the Audited Financial Results of the Company for the quarter/ year ended March 31, 2024 and to recommend a final dividend, if any, on the equity shares of the Company for the financial year ended March 31, 2024 for the approval of the shareholders at the ensuing Annual General Meeting."

How Much 500 Shares Investment Gave Profit After 1-Year? Benares Hotels shares offered return of 168.87% in last 1-year. 1-Year ago on April 13, 2023, Benares Hotels share price was Rs 3250 apiece. If you had bought 500 shares of Benares Hotels Ltd an year ago, you would have got a profit of Rs 11,19, 138 in 1-year span with a corpus of 27,44,137.5.

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 3202.35 apiece (as on 17/04/2023). The small cap company has a market capitalisation of Rs 1142.95 crore. Benares Hotels shares declined 4.64% in last 1-week and fell over 10% in last 3-months. In last 6-months, Benares Hotels shares gained 50% and offered surge of 168.87% in last 1-year. In last 2-years, Benares Hotels stock surge 250% and soared 589% in last 3-years. In last 5-years, Benares Hotels share zoomed 457%. The scrip gained 1318% 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.

Benares Hotels Technical: Score is 61.22 indicating the stock is technically moderately strong. Stocks with score between 60 and 70 are considered as technically Moderately Strong. Its RSI is 45.6. RSI below 30 is considered oversold and above 70 overbought. MFI is 45.3, MFI below 30 is considered oversold. This implies that stock may rebound. Benares Hotels Ltd. is currently at 387.7 Day ATR. Promoters holding remains unchanged at 62.57% in Dec 2023 quarter, according to Trendlyne.

About: Benares Hotels Limited is a listed public limited company incorporated in 1971. The Company operates its hotels, viz. Taj Ganges and Nadesar Palace in Varanasi and Ginger Hotel, Gondia in Maharashtra. The Company became a subsidiary of The Indian Hotels Company Limited in 2011. While Taj Ganges and Nadesar Palace at Varanasi has 144 rooms and suits, Ginger Hotel at Gondia has 34 rooms, according to its official website.

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