Lemon Tree Hotels is currently trading at Rs. 68.30, up by 1.30 points or 1.94% from its previous closing of Rs. 67.00 on the BSE.
The scrip opened at Rs. 67.20 and has touched a high and low of Rs. 68.35 and Rs. 66.10 respectively. So far 555479 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.90 on 09-Apr-2018 and a 52 week low of Rs. 57.30 on 09-Apr-2018.
Last one week high and low of the scrip stood at Rs. 73.90 and Rs. 57.30 respectively. The current market cap of the company is Rs. 5272.90 crore.
The promoters holding in the company stood at 29.16%, while Non-Institutions held 70.84% stake in the company.
Lemon Tree Hotels’ wholly owned subsidiary and management arm - Carnation Hotels has signed a management contract with Laila Hotels and Resorts, for an upper midscale hotel in Vijayawada, the commercial headquarters of Andhra Pradesh.
Set to be branded as Lemon Tree Premier, Vijayawada, the 120- room hotel will boast of plush interiors, modern business services and facilities besides offering large banquet and meeting spaces, a multi-cuisine coffee shop and a hip recreation bar. Presently under construction, the hotel is expected to be operational by March, 2021.
With the signing of this contract, Lemon Tree Hotels now has a development pipeline of 2,985 rooms in 26 hotels across 22 cities of India.
Lemon Tree Hotels is India’s largest hotel chain in the mid-priced hotel sector, and the third largest overall, on the basis of controlling interest in owned and leased rooms, as of June 30, 2017, according to the Horwath Report.
| Company Name | CMP |
|---|---|
| Indian Hotel | 574.50 |
| EIH | 424.65 |
| Mahindra Holi.&Resor | 399.95 |
| Chalet Hotels | 783.60 |
| Lemon Tree Hotels | 140.10 |
| View more.. | |
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