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Benares Hotels Ltd.

BSE: 509438 Sector: Services
NSE: N.A. ISIN Code: INE664D01019
BSE LIVE 13:33 | 22 May 1297.80 42.00
(3.34%)
OPEN

1290.00

HIGH

1297.80

LOW

1261.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 1290.00
PREVIOUS CLOSE 1255.80
VOLUME 35
52-Week high 1387.90
52-Week low 1001.00
P/E 24.75
Mkt Cap.(Rs cr) 169
Buy Price 1277.00
Buy Qty 4.00
Sell Price 1297.80
Sell Qty 2.00
OPEN 1290.00
CLOSE 1255.80
VOLUME 35
52-Week high 1387.90
52-Week low 1001.00
P/E 24.75
Mkt Cap.(Rs cr) 169
Buy Price 1277.00
Buy Qty 4.00
Sell Price 1297.80
Sell Qty 2.00

Benares Hotels Ltd. (BENARESHOTELS) - Company History

Promoted by chairman Vibhuti Narayan Singh in 1971, Benares Hotels (BHL) is in the hotel business in Varanasi, Uttar Pradesh. In Mar.'94, it undertook a project, financed by term loans, to provide the hotel with a restaurant and bar. It has also finalised plans for further expansion of the hotel, which are currently under implementation. In 1994-95, the inflow of tourists into the country was adversely affected by the plague epidemic in the country. In spite of this, the company achieved improved working results in 1994-95, showing an increase of 11.6% in revenue. The hotel is located close to the temples, making it more convenient for foreign tourists. It has a large banquet hall, a swimming pool and a well-maintained garden. During the year 1998-99 Company declared dividend for the the year is 60% to the shareholders and also earned in foreign exchange earnings amounting to Rs 9.74 crores. The company recorded a impressive performance in increased occupancy,higher room realisation and higher F & B revenue and because of this the profit after tax increased by 6 % when compared to previous year.