Lemon Tree Hotels soars on signing new property in Darjeeling
Lemon Tree Hotels is currently trading at Rs. 137.60, up by 3.70 points or 2.76% from its previous closing of Rs. 133.90 on the BSE.
The scrip opened at Rs. 135.45 and has touched a high and low of Rs. 137.30 and Rs. 134.80 respectively. So far 13795 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. 110.55 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 145.30 and Rs. 110.55 respectively. The current market cap of the company is Rs. 10608.18 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 signed a new property -- Keys Prima by Lemon Tree Hotels, Darjeeling, West Bengal. The properties shall be managed by Carnation Hotels, a wholly-owned subsidiary of the company and will start operations in FY26.
The property will feature 65 well-appointed rooms, a restaurant, a meeting room, recreation facilites and other public areas. Bagdogra Airport, the nearest airport, is approximately 70 kms from the property. Darjeeling Railway Station is about 2.5 kms away from the property. The hotel is also well-connected by road, offering easy access to 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.
