Mumbai, October 16 (Daily Kiran): Shares of Lemon Tree Hotels Ltd rose over 2.3% in Thursday’s trade after the company announced the launch of its second property in Jharkhand — the Lemon Tree Hotel, Ranchi. The stock was trading at ₹166.80, up ₹3.80 or 2.33%, on the BSE, compared to its previous close of ₹163.00.
The scrip opened at ₹163.15 and touched an intraday high of ₹167.25 and a low of ₹163.10. About 11,734 shares changed hands during the session. The company’s market capitalization currently stands at ₹12,913.62 crore.
Lemon Tree Hotels’ promoters hold 22.28%, while institutional investors and non-institutional investors own 41.31% and 36.41%, respectively.
The newly launched Lemon Tree Hotel, Ranchi, is a franchised property and marks the brand’s second presence in Jharkhand, after its earlier venture in Jamshedpur. The hotel features 45 well-appointed rooms and suites, a multi-cuisine Citrus Café, Slounge bar, a fitness centre, and a swimming pool, offering a value-driven stay for business and leisure travellers alike.
Located in the ‘City of Waterfalls’, Ranchi serves as the capital of Jharkhand and is emerging as a hub for business, education, and healthcare. With a growing industrial base, abundant mineral resources, and enhanced connectivity, Ranchi continues to attract both corporate and leisure visitors.
Lemon Tree Hotels is India’s largest mid-priced hotel chain and the third-largest overall, based on controlling interest in owned and leased rooms. The company continues to expand its footprint across key business and tourist destinations in India.