Lemon Tree Hotels soars on signing new property in Ujjain
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Lemon Tree Hotels is currently trading at Rs. 135.15, up by 2.45 points or 1.85% from its previous closing of Rs. 132.70 on the BSE.
The scrip opened at Rs. 133.10 and has touched a high and low of Rs. 135.30 and Rs. 133.10 respectively. So far 130192 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 158.05 on 06-May-2024 and a 52 week low of Rs. 100.75 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 137.30 and Rs. 130.65 respectively. The current market cap of the company is Rs. 10513.11 crore.
The promoters holding in the company stood at 22.80%, while Institutions and Non-Institutions held 42.81% and 34.39% respectively.
Lemon Tree Hotels has signed new property in Ujjain, Madhya Pradesh. The property is expected to open in FY 2027 and shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels.
Ujjain, a historic city in Madhya Pradesh, India, is celebrated for its deep spiritual and cultural significance. Known as the ‘Spiritual Capital of India,’ it is home to the revered Mahakaleshwar Temple, one of the twelve Jyotirlingas dedicated to Lord Shiva, attracting millions of pilgrims annually. Ujjain's role as a major pilgrimage site extends to Hindus, Jains, and Buddhists, with the city playing a central part in the Kumbh Mela, a grand Hindu festival held every 12 years. Its rich blend of ancient temples, historical monuments, and vibrant street markets offers visitors an immersive experience into India's spiritual and cultural tapestry.
Lemon Tree Hotel, Ujjain, Madhya Pradesh will feature 72 well-appointed rooms, a restaurant, a bar, a swimming pool and other public areas. The Devi Ahilyabai Holkar International Airport, Indore is approximately 50 kms away while the Ujjain Railway Station is 4 kms away. The hotel is 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.
