Lemon Tree Hotels moves up on launching eighth property in Gujarat

Lemon Tree Hotels Ltd. | Hotel, Resort & Restaurants | Travel & Hospitality | BSE: 541233 | NSE: LEMONTREE

31 Jan 2025 Evaluate

Lemon Tree Hotels is currently trading at Rs. 136.00, up by 1.00 points or 0.74% from its previous closing of Rs. 135.00 on the BSE.

The scrip opened at Rs. 135.95 and has touched a high and low of Rs. 136.35 and Rs. 134.55 respectively. So far 38569 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. 112.30 on 07-Oct-2024.

Last one week high and low of the scrip stood at Rs. 145.00 and Rs. 125.25 respectively. The current market cap of the company is Rs. 10758.71 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 opened Keys Lite by Lemon Tree Hotels, Vadodara, Gujarat. This is the eighth property of the group in the state. The efficient and affordable hotel features 63 well-appointed rooms and will open in two phases. Of these 57 rooms, a multi-cuisine coffee shop-Keys Cafe, along with expansive banquet spaces and conference facilities will be launched in the first phase. The remaining six rooms will be operational soon after in the second phase.

Vadodara is known for its glorious past, echoed in its magnificent palaces and rich culture. Besides several tourist spots and exciting activities, the city has an excellent climate, making it a round-the-year destination.

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.