Bonus Share: Shares of Oberoi Group’s flagship company EIH Associated Hotels have seen an increase of over 9.5 percent today. The reason behind this sudden surge in the company’s shares is the announcement of a record debt for bonus shares. Let us tell you that the company is going to give bonus shares for the first time.
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The company told stock markets on Friday that July 29, 2024 has been set as the record date for bonus shares. The company had earlier said that for every share having a face value of Rs 10, 1 share will be given as bonus. If an investor wants to take advantage of these bonus shares, he has to buy the shares one day before the record date.
Shares of EIH Associated Hotels traded at Rs. opened at 848.40. Shares of the company surged 9.50 percent to Rs. It touched an intra-day high of 925.50. This is the company’s 52-week high. Let us tell you that the company’s 52-week low in the stock market is Rs 418.55.
The stock doubled its money in 6 months, experts are bullish on its performance
Company performance in stock market?
The price of the company issuing the bonus shares has seen an increase of over 19 percent in the last one month. During the last 6 months, local investors have gained 91 percent. EIH Associated Hotels prices have increased by 73 percent in a year.
The company paid dividend for the first time in 2007. At the same time, the company last traded ex-dividend on July 29. Then on each share eligible investors will receive Rs. 6 earned a profit. Let us tell you that the total share of promoters in the company is 75 percent.