Benares Hotels Shows Strong Financial Performance Amid Positive Market Shift
Benares Hotels has recently experienced a change in its evaluation, reflecting a shift in its technical trend. The company has shown consistent financial performance, with 14 consecutive quarters of positive results and a strong financial position, highlighted by a low debt-to-equity ratio and significant cash reserves.
Benares Hotels, a small-cap player in the Hotels & Resorts industry, has recently undergone an adjustment in its evaluation. This revision reflects a shift in the technical trend, moving from a sideways position to a mildly bullish stance. The company has demonstrated a consistent financial performance, reporting positive results for the last 14 consecutive quarters. In the latest quarter, the profit before tax less other income reached Rs 20.11 crore, marking a growth of 40.53%. Additionally, Benares Hotels boasts a low debt-to-equity ratio of 0.02 times, indicating a strong financial position.
In terms of market performance, the stock has generated a return of 15.09% over the past year, outperforming the BSE 500 index in each of the last three annual periods. The company’s cash and cash equivalents have reached their highest level at Rs 89.65 crore, and the debtors turnover ratio stands at an impressive 33.53 times.
Overall, Benares Hotels continues to show resilience and stability in its operations, supported by favorable technical indicators and a solid financial foundation.
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