EIH Associated Hotels, a flagship company of the Oberoi Group, has recently witnessed a significant rise in its shares, increasing by more than 9.5 percent in a single day.
This surge can be attributed to the company’s announcement of issuing bonus shares for the first time.
The company has declared a record date of 29th July 2024 for the issuance of bonus shares. According to the announcement,
shareholders will receive 1 bonus share for every 1 share held, each with a face value of Rs 10. Investors seeking to benefit from this offer must acquire shares before the record date.
Shares Hit 52-Week High
Today, shares of EIH Associated Hotels opened at Rs 848.40 on the BSE and reached an intra-day high of Rs 925.50, marking a new 52-week high. Notably, the stock had traded as low as Rs 418.55 over the past year.
Performance and Investor Returns
Over the past month, the company’s stock price has surged by over 19 percent, offering favorable returns to investors.
For positional investors over the last 6 months, gains have been substantial, with returns reaching 91 percent. Looking back a year, the stock has appreciated by 73 percent.
EIH Associated Hotels made its dividend debut in 2007 and recently traded ex-dividend on 29th July, providing eligible shareholders with a dividend of Rs 6 per share. It’s worth noting that promoters hold a significant stake of 75 percent in the company.
This revision aims to maintain clarity and simplicity while covering all essential information about EIH Associated Hotels’ recent developments and performance in the stock market.
