Lemon Tree Hotels rises on opening new hotel in Pune
Lemon Tree Hotels is currently trading at Rs. 138.30, up by 1.40 points or 1.02% from its previous closing of Rs. 136.90 on the BSE.
The scrip opened at Rs. 136.65 and has touched a high and low of Rs. 138.50 and Rs. 134.45 respectively. So far 65972 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. 139.25 and Rs. 127.45 respectively. The current market cap of the company is Rs. 10727.02 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 has opened Lemon Tree Hotel, Pune. This managed hotel is the 12th property of the group in the state of Maharashtra and is located at Chinchwad in Pune. The fresh and vibrant hotel features 117 well-appointed rooms, Citrus Cafe - a multi-cuisine coffee shop, a fitness center and a swimming pool. The hotel boasts expansive banquet spaces, meeting rooms, and conference facilities to meet the discerning guests’ business and events requirements.
Pune is one of the major cities of Maharashtra and is known for its rich history, cultural heritage, and modern development. It is often called the 'Oxford of the East' because of its numerous prestigious educational institutions. Pune boasts a youthful, cosmopolitan atmosphere that blends traditional Maharashtrian and modern urban lifestyles. With a combination of history, education, industry, and culture, it is one of India’s most dynamic cities.
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.
