Hot Pursuit     21-Aug-23
Lemon Tree hits 52-week high on launching sixth property in Gujarat
Lemon Tree Hotels gained 2.21% to Rs 104.44 after the company announced opening of its sixth property in Gujarat under the brand ‘Lemon Tree Hotel'.
The hotel features 42 well-appointed rooms and suites, complemented by a multicuisine coffee shop as well as a well-equipped fitness center and a refreshing swimming pool.

The hotel is managed by Carnation Hotels, a wholly owned subsidiary and the hotel management arm of Lemon Tree Hotels.

Lemon Tree Hotels is engaged to carry out business of developing, owning, acquiring, renovating, operating, managing and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite. Also, some of the Group companies provide project management services and learning & development services.

The company reported 69.4% jump in consolidated net profit to Rs 23.46 crore on 15.7% rise in revenue from operations to Rs 222.26 crore in Q1 FY24 over Q1 FY23.

The scrip hit a life-time high of Rs 987.35 on the BSE.

Previous News
  Barometers edge lower in early trade; breadth positive
 ( Market Commentary - Mid-Session 19-Mar-24   09:31 )
  Lemon Tree Hotels gains on expanding new openings in multiple states
 ( Hot Pursuit - 24-Mar-25   10:17 )
  Lemon Tree Hotels gains on inking new property in Mira Road
 ( Hot Pursuit - 11-Sep-24   10:09 )
  Lemon Tree Hotels Q2 PAT climbs 33% YoY to Rs 35 cr
 ( Hot Pursuit - 16-Nov-24   10:42 )
  Lemon Tree Hotels reports consolidated net profit of Rs 43.97 crore in the March 2023 quarter
 ( Results - Announcements 31-May-23   12:44 )
  Lemon Tree Hotels signs new property in Coimbatore
 ( Hot Pursuit - 09-Mar-24   16:16 )
  Lemon Tree signs new hotel property in Kanha, Madhya Pradesh
 ( Corporate News - 07-Oct-22   16:18 )
  Lemon Tree Hotels launches second property in Tapovan
 ( Hot Pursuit - 09-Apr-22   14:42 )
  Lemon Tree Hotels Ltd leads losers in 'A' group
 ( Hot Pursuit - 07-Apr-20   15:00 )
  Lemon Tree Hotels launches second property in Tapovan, Rishikesh
 ( Hot Pursuit - 09-Apr-22   10:02 )
  Vakrangee Ltd leads losers in 'A' group
 ( Hot Pursuit - 17-Jun-20   15:00 )
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