Lemon Tree Hotels rises on opening new property in Rajasthan
Lemon Tree Hotels is currently trading at Rs. 140.50, up by 1.45 points or 1.04% from its previous closing of Rs. 139.05 on the BSE.
The scrip opened at Rs. 141.60 and has touched a high and low of Rs. 143.40 and Rs. 139.20 respectively. So far 104746 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. 143.40 and Rs. 126.65 respectively. The current market cap of the company is Rs. 11162.75 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 Keys Prima by Lemon Tree Hotels, Kota, Rajasthan. This is the 10th property of the group in the state. The efficient and affordable hotel features 58 well-appointed rooms, Keys Cafe-a multi-cuisine coffee shop, a spa, a swimming pool, a fitness centre and Unlock Bar with expansive banquet spaces and conference facilities.
Kota, located in south-eastern Rajasthan, is an educational hub and attracts students who are preparing for competitive exams like JEE and NEET. The city is also an industrial centre with thriving power, manufacturing, and chemical industries. Situated along the Chambal River, Kota boasts a rich heritage, featuring landmarks like Kota Garh Palace, Seven Wonders Park, and Jagmandir Palace.
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.
