Lemon Tree Hotels gains on signing license agreement for property in Andhra Pradesh

08 Jun 2023 Evaluate

Lemon Tree Hotels is currently trading at Rs. 94.27, up by 1.52 points or 1.64% from its previous closing of Rs. 92.75 on the BSE.

The scrip opened at Rs. 94.00 and has touched a high and low of Rs. 95.00 and Rs. 93.78 respectively. So far 281277 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 103.30 on 01-Dec-2022 and a 52 week low of Rs. 58.30 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 95.55 and Rs. 91.71 respectively. The current market cap of the company is Rs. 7453.45 crore.

The promoters holding in the company stood at 23.61%, while Institutions and Non-Institutions held 35.10% and 41.29% respectively.

Lemon Tree Hotels has signed a license agreement for a 60 room property in Rajamundry, Andhra Pradesh under the Company’s brand ‘Lemon Tree Hotel’. The hotel is expected to be operational by Q3FY2025.
Lemon Tree Hotel, Rajamundry will feature 60 well-appointed rooms, a restaurant, banquet, meeting rooms, swimming Pool, gym, and other public areas. Carnation Hotels, a wholly owned subsidiary and the hotel management arm of the Company will be operating this hotel.  

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.


Lemon Tree Hotels Share Price

134.40 -2.95 (-2.15%)
18-Apr-2024 16:01 View Price Chart
Peers
Company Name CMP
Indian Hotel 593.70
EIH 453.50
Mahindra Holi.&Resor 397.95
Chalet Hotels 846.65
Lemon Tree Hotels 134.40
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