Lemon Tree Hotels surges on launching Aurika, Mumbai Skycity
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Lemon Tree Hotels is currently trading at Rs. 118.65, up by 0.75 points or 0.64% from its previous closing of Rs. 117.90 on the BSE.
The scrip opened at Rs. 119.75 and has touched a high and low of Rs. 121.50 and Rs. 118.50 respectively. So far 676678 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 126.70 on 15-Sep-2023 and a 52 week low of Rs. 70.25 on 23-Dec-2022.
Last one week high and low of the scrip stood at Rs. 121.50 and Rs. 113.65 respectively. The current market cap of the company is Rs. 9419.81 crore.
The promoters holding in the company stood at 23.60%, while Institutions and Non-Institutions held 35.86% and 40.54% respectively.
Lemon Tree Hotels has launched Aurika, Mumbai Skycity, the third property under the company’s upscale brand - Aurika Hotels & Resorts, as well as its third hotel in the global city of Mumbai. This occasion marks the launch of India’s largest hotel, by number of rooms.
This hotel features 669 aesthetically designed rooms and suites, new-age dining and extensive banqueting options, innovative high-tech and entertainment facilities, and world class service. The hotel aims to actively promote art and culture by regularly hosting events and exhibitions. These events will showcase the works of local and international artists, providing a platform for artistic expression and creativity. The guests will have the opportunity to engage with the art community and experience unique and thought provoking exhibitions within the hotel itself.
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.
