1:1 Bonus Share, Rs 6 Dividend: Multibagger Hotel Stock Trades Ex-Bonus, Ex-Dividend

 EIH Associated Hotels Ltd shares today declined 3.60% as it traded ex-bonus in the ratio of 1:1 and ex-dividend for Rs 6/share dividend. Current market price of EIH Associated Hotels shares today on BSE is Rs 476.55 per share. The company's market capitalisation stood at Rs 2903.92 crore. EIH Associated Hotels shares gained 103% year-to-date and soared over 8% in last 1-week. EIH Associated Hotels shares today hit fresh 52-week high for the second consecutive day. Check details below:

EIH Associated Hotels Trades Ex-Bonus: Earlier the company on July 18, 2024 revised the record date for bonus share and dividend from July 29, 2024 to August 13, 2024. The BSE filing stated, "the Board of Directors has revised the record date for determining the list of eligible shareholders to receive the Final Dividend for the Financial Year 2023-24 and bonus shares from Monday, 29th July 2024 to Tuesday, 13th August 2024. This disclosure may also be treated as corrigendum to the Notice of Annual General Meeting to the effect that where record date is appearing as Monday, 29th July 2024 be read as Tuesday, 13th August 2024."


EIH Associated Hotels Bonus Share: EIH on June 14, 2024 recommended the capitalization of reserves by issuing Bonus Shares in the ratio of 1 (One) fully paid-up bonus equity share of Rs.10/- (Rupees Ten only) each for every 1 (One) existing fully paid-up equity share of Rs.10/- (Rupees Ten only) each held by Shareholders of the Company as on the record date, subject to the approval of Shareholders at the forthcoming Annual General Meeting ("AGM") of the Company.

EIH Associated Hotels Dividend: The hotel sector company on May 24 declared a final dividend @ 60%, i.e., Rs. 6/- per equity share of face value Rs.10/- each, fully paid up, to the Shareholders for the Financial Year 2023-24. EIH Associated Hotels Share Performance: The 52-week high price of EIH Associated Hotels share on BSE is Rs 544.95 per share (as on 13/08/2024) and 52-week low price is Rs 209.28 per share (as on 26/10/2023), respectively. EIH Associated Hotels shares gave return of 109% in last 1-year, soared 134% in last 2-years, and zoomed 187% in last 3-years. In last 5-years, EIH Associated Hotels shares offered return of 230% and 462% in last 10-years.

EIH Associated Hotels Q4: VST announced a surge of 22.88% in net sales to Rs 132.50 crore for the quarter ended March 31, 2024 as against Rs 107.83 crore announced in the corresponding quarter of last year. Its quarterly net profit rose 40.7% to Rs 36.81 crore for March 2024 quarter as compared to Rs 26.17 crore announced in the corresponding quarter of last year. The EBITDA of the company stood at Rs 53.84 crore for March 2024 quarter, up 54.67% from Rs 34.81 crore declared in March 2023. EPS of the company zoomed to Rs 12.08 in March 2024 from Rs 8.59 in March 2023.


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