Lemon Tree Hotels Stock

The rise in Lemon Tree Hotels share price came after the company announced that it has signed a new property in Valsad, Gujarat

The rise in Lemon Tree Hotels share price came after the company announced that it has signed a new property in Mumbai.

The rise in Lemon Tree Hotels share price came after the company announced that it has signed a new property in Ujjain, Madhya Pradesh.

The uptick in stock price acme after the company launched its first property in Jharkhand with Lemon Tree Hotel, Centre Point, Jamshedpur

Godfrey Phillips has been one of the key outperformers among SmallCaps thus far in 2024; presently the stock is seen testing support at its trend line, shows daily chart.

A combined 17.23 million equity shares, representing 2.17 per cent of total equity of Lemon Tree, changed hands in the first 40 minutes of trade on the NSE and BSE

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The company said that the two additions under two diverse models aligned with their asset-light policy

Hotel companies are working fast to take advantage of being the first mover at these locations

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Most hotel-related stocks gained ground in this backdrop, with Indian Hotels, EIH Ltd, Lemon Tree Hotels, TAJ GVK Hotels and Speciality Restaurants rallying up to 5 per cent

Among the triggers expected to boost sales are demand uptick and room additions

Earlier, the hospitality firm had said that it is looking to open three more properties under its upscale Aurika Hotels and Resorts brand across the country by the end of 2021.

The stock rallied 12% to Rs 77.15 on BSE after the company has formed a JV with an affiliate of Warburg Pincus, a leading global private equity firm, to create a co-living platform.