Lemon Tree Hotels inches up on opening new property in Rishikesh
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Lemon Tree Hotels is currently trading at Rs. 141.65, up by 0.20 points or 0.14% from its previous closing of Rs. 141.45 on the BSE.
The scrip opened at Rs. 142.55 and has touched a high and low of Rs. 143.85 and Rs. 141.45 respectively. So far 35882 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. 75.17 on 11-Apr-2023.
Last one week high and low of the scrip stood at Rs. 144.40 and Rs. 131.35 respectively. The current market cap of the company is Rs. 11301.40 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 launched property in Rishikesh. This is the ninth property of the group in the scenic state of Uttarakhand. This beautiful and elegant hotel, with 126 keys will open in two phases. While 108 rooms and suites opened today along with Citrus Cafe - a multi-cuisine coffee shop, an expansive banquet space, fitness center, and swimming pool as a part of phase I of the launch. The remaining rooms, a sprawling garden, a rejuvenating spa, Slounge - A Terrace Bar, and Pool Bar & Grill will open shortly thereafter, as part of phase II.
Located in Tapovan, a popular and spiritually significant area in Rishikesh, Lemon Tree Hotel, Rishikesh is an ideal destination for leisure travellers. Tapovan embraces yoga ashrams, temples, and natural surroundings, making it an ideal place for those seeking solitude and meditation enthusiasts visiting Rishikesh to deepen their practice and connect with nature.
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.
