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Benares Hotels Ltd.

BSE: 509438 Sector: Services
NSE: N.A. ISIN Code: INE664D01019
BSE 00:00 | 05 Jun 1327.85 28.90
(2.22%)
OPEN

1260.05

HIGH

1349.95

LOW

1260.05

NSE 05:30 | 01 Jan Benares Hotels Ltd
OPEN 1260.05
PREVIOUS CLOSE 1298.95
VOLUME 58
52-Week high 1803.00
52-Week low 1131.35
P/E 16.27
Mkt Cap.(Rs cr) 173
Buy Price 1250.00
Buy Qty 1.00
Sell Price 1349.95
Sell Qty 2.00
OPEN 1260.05
CLOSE 1298.95
VOLUME 58
52-Week high 1803.00
52-Week low 1131.35
P/E 16.27
Mkt Cap.(Rs cr) 173
Buy Price 1250.00
Buy Qty 1.00
Sell Price 1349.95
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.