EIH Associated Hotels shares rally 17% ahead of bonus shares issue plan
EIH Associated Hotels surged 17% to Rs 845 on BSE as it plans to issue bonus shares. The company's strong performance is evident from Trendlyne data. It is part of The Oberoi Group, known for luxury hotels and various services.
Shares of , the flagship company of , rallied 17% on on Monday to its fresh of Rs 845 as the company announced June 14 as the date for the to consider the issue of ."The meeting of the Board of Directors of the Company will be held on Friday, June 14, 2024, to consider and recommend, interalia, by issuing Bonus Shares to the Equity Shareholders of the Company, subject to the approval of the Shareholders," said the company in a filing to the exchanges.
In the last one year, the shares of the company have increased by 61.3% while in the current calendar year, the stock has surged 73.5%.
In the last one month alone, the stock has gained over 10%.
Also read:
On charts, EIH Associated Hotels is performing above all its significant exponential moving averages while oscillating near the 48 level mark on the RSI, as per .
EIH Associated Hotels is a part of , one of the largest and most eminent hospitality groups in India and Asia.
The group owns and manages 20 extraordinary hotels under the luxury Oberoi Hotels & Resorts brand and 10 five-star properties under the brand and the company's services extend to flight catering, airport restaurants, travel and tours, car rentals, project management and corporate air charters.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Source: Stocks-Markets-Economic Times
