Lemon Tree Hotels shines on signing franchise agreement for upcoming hotel in Meerut
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Lemon Tree Hotels is currently trading at Rs. 134.75, up by 4.60 points or 3.53% from its previous closing of Rs. 130.15 on the BSE.
The scrip opened at Rs. 130.50 and has touched a high and low of Rs. 135.00 and Rs. 129.55 respectively. So far 1133854 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 135.80 on 03-Jan-2024 and a 52 week low of Rs. 71.95 on 27-Jan-2023.
Last one week high and low of the scrip stood at Rs. 135.00 and Rs. 126.15 respectively. The current market cap of the company is Rs. 10643.83 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 a Franchise Agreement for upcoming hotel in Meerut, Uttar Pradesh under the Company’s brand- ‘Lemon Tree Hotel’. This opening will be in addition to its six existing and three upcoming hotels and resorts in the state. The hotel will feature 75 well-appointed rooms, restaurants, a fitness center, a swimming pool, a spa, outdoor and indoor banqueting facilities, conference rooms and other public areas and is expected to be operational in FY25.
Nestled in the heart of Uttar Pradesh, Meerut pulsates with a vibrant energy, weaving a captivating tapestry of ancient history, military spirit, and modern-day charm. It's also a thriving hub for two distinct yet fascinating industries: sports goods and musical instruments. From towering Mughal gateways to bustling bazaars, and serene temples to modern cafes, Meerut offers a plethora of experiences that leave you mesmerised.
