Lemon Tree Hotels gains as its arm executes concession agreement with Government of Meghalaya
Lemon Tree Hotels is currently trading at Rs. 136.95, up by 0.85 points or 0.62% from its previous closing of Rs. 136.10 on the BSE.
The scrip opened at Rs. 137.00 and has touched a high and low of Rs. 138.25 and Rs. 136.90 respectively. So far 10085 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 162.25 on 02-Jan-2025 and a 52 week low of Rs. 112.30 on 07-Oct-2024.
Last one week high and low of the scrip stood at Rs. 145.00 and Rs. 125.25 respectively. The current market cap of the company is Rs. 10885.47 crore.
The promoters holding in the company stood at 22.77%, while Institutions and Non-Institutions held 40.81% and 36.43% respectively.
Lemon Tree Hotels’ 100% Indirect wholly owned subsidiary -- M/s Arum Hotels has executed a ‘Concession Agreement’ with Meghalaya Tourism Development Corporation, Government of Meghalaya for Re-development, Operations and Maintenance of Orchid Hotel, located at Shillong City, under Design, Build, Finance, Operate and Transfer mode on Public Private Partnership. The hotel is proposed to be branded as Aurika.
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.
