Lemon Tree Hotels surges on launching seventh property in Rajasthan
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Lemon Tree Hotels is currently trading at Rs. 142.60, up by 2.90 points or 2.08% from its previous closing of Rs. 139.70 on the BSE.
The scrip opened at Rs. 140.05 and has touched a high and low of Rs. 143.35 and Rs. 140.05 respectively. So far 148926 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 147.20 on 23-Feb-2024 and a 52 week low of Rs. 72.85 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 144.25 and Rs. 137.65 respectively. The current market cap of the company is Rs. 11317.24 crore.
The promoters holding in the company stood at 23.21%, while Institutions and Non-Institutions held 37.81% and 38.98% respectively.
Lemon Tree Hotels has opened Lemon Tree Resort, Kumbhalgarh. This is the seventh property of the group in the picturesque state of Rajasthan. This majestic resort, nestled amidst the Aravali range, features 59 rooms & suites, Citrus Cafe - a multi-cuisine coffee shop, beautiful banquet spaces and a swimming pool. This property will also have Slounge - the hip recreation bar and a fully equipped fitness center, slated to open soon.
Kumbhalgarh is the second highest walled fort-city after Chittorgarh in the Mewar region of Rajasthan. Nestled amidst the Aravali Ranges, the fort city was built in the 15th century by Rana Kumbha. The typographical terrain made it a perfect refuge for the rulers of Mewar in times of strife. There are as many as 84 forts in this region out of which 32 are said to been built by Rana Kumbha.
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.
