Lemon Tree Hotels is currently trading at Rs. 142.75, up by 2.80 points or 2.00% from its previous closing of Rs. 139.95 on the BSE.
The scrip opened at Rs. 140.00 and has touched a high and low of Rs. 143.65 and Rs. 139.50 respectively. So far 418355 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. 112.05 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 144.00 and Rs. 133.10 respectively. The current market cap of the company is Rs. 11309.32 crore.
The promoters holding in the company stood at 22.77%, while Institutions and Non-Institutions held 40.66% and 36.57% respectively.
Lemon Tree Hotels has signed new property in Mirik, West Bengal. The property will be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, and is expected to open in FY 2028.
Lemon Tree Resort, Mirik, West Bengal will feature 50 well-appointed rooms, a restaurant, a bar, a meeting room, a banquet, a swimming pool, a fitness centre, and other public areas. Bagdogra Airport is approximately 55 kms while Siliguri Railway Station is 50 kms from the property. The resort is also well-connected by road, making it accessible by 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.