📈 Advani Hotels Share Price Soars on Bonus Share Announcement 📈
Investors who have invested in companies that offer bonus shares have good news to celebrate! Advani Hotels and Resorts (India) Limited has announced a decision to give its investors 1 bonus share for every share held.
The company declared the record date on Saturday, stating that a face value of Rs 2 per share will be given as a bonus. The record date for this bonus issue has been set as March 20, 2024. This means that investors holding shares in the company will benefit from the bonus shares.
On Monday (March 11, 2024), the share price rose by 6.55% to trade at Rs 168. This marks the first time that the company will be issuing bonus shares.
Advani Hotels and Resorts (India) Limited has a long history of distributing dividends to its shareholders. The company traded as an ex-dividend stock on February 9, 2024, giving a dividend of Rs 2 per share at that time.
The company had last paid out a dividend to investors in 2008. On Thursday, the company’s share price on BSE was Rs 157.95. Over the past year, the company’s share price has increased by 112%, and in the last six months, it has risen by 73%. However, compared to last month, the stock has seen a 0.5% decline.
Stay tuned for more updates on Advani Hotels and Resorts as the bonus share issue date approaches!
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
