Support and Resistance Levels
Past performance
About Benares Hotels Ltd Benares Hotels Limited (BHL), incorporated in 1971, operates in the hospitality sector in Varanasi, Uttar Pradesh, and Gondia, Maharashtra. The company manages three hotels: Taj Ganges and Taj Nadesar Palace in Varanasi, and The Ginger Hotel Balaghat Road in Gondia. BHL, a subsidiary of The Indian Hotels Company Limited since 2011, benefits from its strategic location near major temples, appealing to international tourists. The company has shown resilience and growth over the years, with significant improvements in occupancy and revenue, even during challenging times such as the 1994 plague epidemic.
BHL has consistently expanded and upgraded its facilities, including renovating and adding rooms and suites, and opening new banquet halls. In recent years, the company has completed substantial renovations and introduced new amenities, such as the Tented Jiva SPA at Taj Nadesar Palace. These efforts have contributed to increased room realization and higher food and beverage revenue, enhancing the company's profitability.