Lemon Tree Hotels jumps on opening two new hotels
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Lemon Tree Hotels is currently trading at Rs. 93.80, up by 1.10 points or 1.19% from its previous closing of Rs. 92.70 on the BSE.
The scrip opened at Rs. 93.61 and has touched a high and low of Rs. 94.70 and Rs. 93.30 respectively. So far 630776 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. 99.90 and Rs. 91.71 respectively. The current market cap of the company is Rs. 7466.92 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 opened two new hotels - Lemon Tree Hotel, Agra and Lemon Tree Hotel, Bhopal. With these two launches, the company makes its debut in both the cities and also adds more than 100 rooms to its inventory.
Lemon Tree Hotel, Agra will open in two phases where 30 well-appointed rooms and suites opened on June 2, 2023 and 30 will open soon after. These will be complemented by a Citrus Cafe - the bright and inviting multi cuisine restaurant - and two expansive banquet halls. Lemon Tree Hotel, Bhopal, also in a historical city, marks the brand’s third property in Madhya Pradesh and will feature 46 well-appointed rooms, a multi-cuisine restaurant - Citrus Cafe - a tea lounge, a banquet hall, a fitness center and more.
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.
