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Lemon Tree Hotels is currently trading at Rs. 110.50, up by 3.55 points or 3.32% from its previous closing of Rs. 106.95 on the BSE.

The scrip opened at Rs. 108.95 and has touched a high and low of Rs. 111.80 and Rs. 108.70 respectively. So far 305650 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 126.70 on 15-Sep-2023 and a 52 week low of Rs. 70.25 on 23-Dec-2022.

Last one week high and low of the scrip stood at Rs. 120.00 and Rs. 100.75 respectively. The current market cap of the company is Rs. 8809.78 crore.

The promoters holding in the company stood at 23.28%, while Institutions and Non-Institutions held 38.23% and 38.48% respectively.

Lemon Tree Hotels has signed new property ‘Red Fox Hotel’ in Visakhapatnam, Andhra Pradesh. The property is expected to open by FY26 and shall be managed by Carnation Hotels, a wholly-owned subsidiary and the management arm of Lemon Tree Hotels.

Visakhapatnam, popularly known as Vizag, is located between the Eastern Ghats and the coast of the Bay of Bengal. It is the second-largest city on the east coast of India and the fourth largest in Southern India. The city features several beaches as well as the Visakha Museum, an old Dutch bungalow that houses local marine and historical fragments.

Red Fox Hotel, Visakhapatnam will feature 50 well-appointed rooms, one restaurant, fitness centre, a conference room and other public areas. The Visakhapatnam Airport is about 11 kms while the Vizag Junction is just 1 km away. The hotel is also well connected by roadways for both public and private transport.

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.