Corporate Radar: Dividends, Q4 results, reverse-stock split & more
Shares of IIFL Wealth Management and Advani Hotels & Resorts will go ex-dividend today. While IIFL Wealth had announced an interim dividend of Rs 20 per share, Advani Hotels had announced an interim dividend of Rs 1.4 per share.
Travel stocks are buzzing in today's market. Here's why
On Monday, shares of Asian Hotels (North) and Royal Orchid Hotels rallied 20 per cent each to Rs 99.9 and Rs 98.40, respectively. EIH Associated Hotels and Advani Hotels and Resorts gained 16 per cent each to Rs 385.55 and Rs 84.50, respectively.
The Council approved a cut in tax rates on rooms with a tariff of Rs 7,500 and above to 18 percent and those with tariff below Rs 7,500 to 12 percent. GST on room tariff below Rs 1,000 has been scrapped.