Lemon Tree Hotels is currently trading at Rs. 79.65, up by 0.90 points or 1.14% from its previous closing of Rs. 78.75 on the BSE.
The scrip opened at Rs. 80.35 and has touched a high and low of Rs. 81.80 and Rs. 77.50 respectively. So far 725189 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 103.30 on 01-Dec-2022 and a 52 week low of Rs. 43.75 on 27-Dec-2021.
Last one week high and low of the scrip stood at Rs. 86.60 and Rs. 70.25 respectively. The current market cap of the company is Rs. 6290.44 crore.
The promoters holding in the company stood at 23.61%, while Institutions and Non-Institutions held 38.19% and 38.20% respectively.
Lemon Tree Hotels has signed franchised hotel – Keys Lite by Lemon Tree Hotels, Dehradun, Uttarakhand. The property, which shall be franchised by Lemon Tree Hotels is expected to open in December 2023.
Dehradun, the capital, is the most populous city of Uttarakhand. Located in the Doon Valley at the foothills of the Himalayas nestled between the Song river, a tributary of Ganga, on the east and the Asan river, a tributary of Yamuna, on the west.
The city with a picturesque landscape and mild climate is a gateway to popular tourist destinations of Mussoorie, Dhanaulti, Chakrata, New Tehri, Uttarkashi, Harsil, Chopta-Tungnath and Auli as well treks to Valley of Flowers, Dayara Bugyal, Kedarkantha, Har Ki Dun and Hemkunt Sahib.
This property will feature 32 well-appointed rooms, meeting rooms and public areas. The Jolly Grant Airport is 30 kms from the property on Sahastradhara Road, while the Dehradun Railway Station is 6 kms away.
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.