Bonus Share: Shares of EIH Associated Hotels, the flagship company of Oberoi Group, have seen a rise of more than 9.5 percent today. The reason behind this sudden rise in the shares of the company is the announcement of record date for bonus shares. Let us tell you, the company is going to give bonus shares for the first time.
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Company is giving 1 share bonus on 1 share
The company told the stock markets on Friday that July 29, 2024 has been fixed as the record date for the bonus shares. The company had earlier told that 1 share with face value of Rs 10 will be given as bonus. If an investor wants to take advantage of this bonus share, he will have to buy the shares one day before the record date.
Share at 52 week high today
Shares of EIH Associated Hotels opened at the level of Rs 848.40 in BSE today. Shares of the company reached an intra-day high of Rs 925.50 with a rise of 9.50 percent. This is the 52 week high of the company. Let us tell you, the 52 week low level of the company in the stock markets is Rs 418.55.
Stock doubled its money in 6 months, experts bullish on its performance
Company’s performance in stock markets?
During the last one month, the company which is issuing bonus shares has seen an increase of more than 19 percent in its prices. During the last 6 months, positional investors have got a profit of 91 percent. The price of EIH Associated Hotels has increased by 73 percent in one year.
The company gave dividend for the first time in 2007. At the same time, the last time the company did ex-dividend trade was on July 29. Then eligible investors got a profit of Rs 6 on each share. Let us tell you, the total stake of the promoters in the company is 75 percent.
