Multibagger from its 52-week low: Board likely to announce bonus shares and dividend; stock trades at high ROE & high ROCE!
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 66.75 per share.
Advani Hotels & Resorts (India) Ltd that a meeting of the Board of Directors of the company is scheduled to be held on Monday, January 29, 2024, inter alia, to consider the following business:
1) Approval of the unaudited financial results of the company for the quarter and nine months ended December 31, 2023.
2) Declaration of interim dividend on the equity share capital of the company for the Financial Year 2023-24, if any.
3) Issue of bonus shares to the equity shareholders of the company.
Advani Hotels & Resorts, established in 1987 as a Ramada-partnered venture in South Goa, has blossomed into its hospitality haven, boasting the five-star Caravela Beach Resort on Varca Beach, a testament to the Advani family's commitment to luxurious getaways.
The company, under the leadership of Mr. Sunder Advani, holds several distinctions in Indian hospitality. Their 5-star deluxe resort was the first designed by world-renowned WATG architects and also the first to feature an integrated golf course. In 1993, as "Renaissance Goa Resort," they became the first Indian hotel to operate an electronic casino.
Today, shares of Advani Hotels & Resorts (India) Ltd gained 2.75 per cent and made a fresh new 52-week high of Rs 142 per share from its previous closing of Rs 138.20 per share. The company has a market cap of over Rs 650 crore with a 26.7 per cent CAGR profit growth over 5 years and a 51.4 per cent dividend payout.
The company's shares have an ROE of 51 per cent and an ROCE of 66 per cent. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 66.75 per share. Investors should keep an eye on this micro-cap stock.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Related articles
-
PSU Railway Company with Rs 4,700 Crore Order Book, Announces Dividend: Stock Hits Fresh 52-Week High with Heavy Volumes Today!
-
Heavy buying and Rs 4,951.6 million order book: Back-to-back upper circuit in this multibagger penny stock; gains over 350 per cent!
-
Rs 227 Crore Order Book: Multibagger Engineering Company Secures Orders Worth Rs 10,26,00,000; Stock Gains Over 250 per cent in Just 1 Year!
-
2:1 Stock Split after 1:2 Bonus Shares: Multibagger solar-wind stock with strong order book to keep under the radar!
-
Rs 37,000 crore order book & FIIs increase stake: This engineering company bags new solar & EPC orders worth Rs 1017,00,00,000