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The stock surged over 7% in Thursday’s (February 20) trade to hit an all-time high of ₹12,299.90 on the BSE. It has added 25% in the last three trading sessions and currently has a market capitalisation of ₹1,590 crore.
Shares of the Varanasi-based hotel company have rallied over 50% in the past two months so far.
Interestingly, Benares Hotels is the only Tata Group stock, aside from Tata Consumer Products, to have seen gains in the first two months of the year so far. Shares of Tata Consumer Products have risen 11% since January.
In contrast, other Tata Group stocks such as Trent, Voltas, Tejas Networks, and Nelco have shed nearly a third of their value since January. Meanwhile, the group’s largest company, Tata Consultancy Services, has declined 6.5% in 2025 so far, while shares of Tata Motors and Tata Power have lost between 7% and 10% respectively during the same period.
Tata Group, India’s largest conglomerate, boast of a market capitalization of ₹28.6 lakh crore as of Thursday.
Benares Hotels’ net profit surged 54% from last year to ₹36 crore in financial year 2024, driven by a 29% increase in revenue. Over the past three years, the company’s net revenue has grown at a compounded annual growth rate (CAGR) of 71%, reaching ₹121 crore in FY24.
Also read: Indian Hotels CEO outlines demand trends and key Budget 2025 takeaways
According to IDBI Capital, hotel industry has been riding high owing to healthy demand led by wedding season. Moreover, hotels in pilgrimages reflected robust demand traction in January as cities like Prayagraj, Ayodya, Varanasi witnessed the Kumbh Mela related travels in the region.
“Q3FY25 earnings of the organized players has been encouraging as RevPAR (revenue per available room) growth remained healthy. The management guided earnings growth trajectory to be healthy in financial year 2026 as well given demand-supply mismatch in inventory and demand dynamics are favoring the hotels,” IDBI Capital wrote in a recent note.
The Indian Hotels Co. Ltd holds a 49.5% stake in Benares Hotels, while Piem Hotels owns another 4.2% in the company. The stock is currently trading at ₹12,259.95 on the BSE, up 6.8% from its previous close.
