New Delhi, Feb. 19 -- Benares Hotels share price has seen a stellar rally this year despite a weak sentiment in the Indian stock market. On Wednesday, Benares Hotels shares jumped as much as 9.43% to Rs.11,498.65 apiece on the BSE, extending its rally for the second session. In the two days, Benares Hotels stock price has surged 18%.

Benares Hotels is a subsidiary of The Indian Hotels Company Limited (IHCL), with IHCL holding a 49.53% stake in the firm. It operates luxury and budget hotels, including Taj Ganges and Nadesar Palace in Varanasi, as well as Ginger Hotel in Gondia, Maharashtra.

The recent rally in Benares Hotels shares have been fuelled by robust earnings for the third quarter of FY25 and surge in demand due to the ongoing K...