Lemon Tree Hotels gains on signing new property in Madhya Pradesh
Lemon Tree Hotels is currently trading at Rs 134.15, up by 0.70 points or 0.52% from its previous closing of Rs 133.45 on the BSE.
The scrip opened at Rs 133.85 and has touched a high and low of Rs 134.55 and Rs 132.55 respectively. So far 46852 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 110.55 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs 140.10 and Rs 132.55 respectively. The current market cap of the company is Rs 10631.95 crore.
The promoters holding in the company stood at 22.49%, while Institutions and Non-Institutions held 40.59% and 36.92% respectively.
Lemon Tree Hotels has signed new property--Lemon Tree Resort, Limbodagari in Madhya Pradesh. The property shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels.
Lemon Tree Resort, Limbodagari, Madhya Pradesh will feature 60 well-appointed rooms, a restaurant, a banquet, a swimming pool, a fitness center, a spa and other public areas. Devi Ahilyabai Holkar Airport (Indore Airport) is approx. 9.4 kms away from the property. Indore Railway Station is approximately 9.3 kms from the property. The resort is also well-connected by road, offering easy access to both public and private transport. It is located near the Super Corridor and has key IT hubs nearby.
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.
