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Lemon Tree Hotels inches up on signing new property in Ranchi

Lemon Tree Hotels Ltd. | Hotel, Resort & Restaurants | Travel & Hospitality | BSE: 541233 | NSE: LEMONTREE

22 Mar 2024 Evaluate

Lemon Tree Hotels is currently trading at Rs. 134.00, up by 0.40 points or 0.30% from its previous closing of Rs. 133.60 on the BSE.

The scrip opened at Rs. 135.50 and has touched a high and low of Rs. 135.50 and Rs. 133.15 respectively. So far 31713 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 147.20 on 23-Feb-2024 and a 52 week low of Rs. 72.85 on 27-Mar-2023.

Last one week high and low of the scrip stood at Rs. 135.50 and Rs. 126.40 respectively. The current market cap of the company is Rs. 10584.41 crore.

The promoters holding in the company stood at 23.21%, while Institutions and Non-Institutions held 37.81% and 38.98% respectively.

Lemon Tree Hotels has signed new property -- Lemon Tree Hotels, Ranchi. The property, which will be franchised by Lemon Tree Hotels, is expected to open in FY25. Ranchi, the capital of Jharkhand, India, is a city known for its scenic beauty and tribal heritage. Nestled on the Chota Nagpur plateau, Ranchi has a moderate climate and is nicknamed the 'City of Waterfalls' due to several cascading waterbodies within its borders. Once the center of the Jharkhand movement, which fought for a separate state, Ranchi is now a growing metropolis and a hub for industry and education.

Ranchi's industrial base is fuelled by its abundant natural resources. Some key industries that Ranchi boasts of are mining and mineral processing, heavy engineering and forest-based industries. Lemon Tree Hotels, Ranchi will feature 45 well-appointed rooms, a restaurant, a bar, banquet facilities, meeting rooms, a swimming pool, a fitness center and other public areas. This will be the third upcoming property of Lemon Tree Hotels in the state of Jharkhand.

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

114.55 0.35 (0.31%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Indian Hotel	659.55
ITC Hotels	162.45
EIH	321.55
Chalet Hotels	778.90
Mahindra Holi.&Resor	272.70
View more..

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Lemon Tree Hotels inches up on signing new property in Ranchi

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