Shares of EIH Associated Hotels surged to their record high today after the company announced a bonus issue in the ratio of 1:1. This means the company’s board recommended one bonus equity share for every one existing share held by shareholders of the company as on the record date. The hotel stock climbed 9.55% to a high of Rs 925.50 against the previous close of Rs 844.75 on BSE. Total 0.44 lakh shares of the firm changed hands amounting to a turnover of Rs 3.97 crore. Market cap of EIH Associated Hotels rose to Rs 2766.96 crore on BSE. Later, the stock closed 7.51% higher at Rs 908.15.
EIH Associated Hotels share price has risen 74.33% in a year and gained 147.22% in two years. The multibagger stock zoomed 93% in…