Lemon Tree Hotels Ltd Share Price (LEMONTREE)

Lemon Tree Hotels Sees Increased Stake and Revised Valuation - 18 Apr, 2024

Foreign investors increased their stake in Lemon Tree Hotels while Kotak Securities revised the company's valuation upwards due to a positive outlook on India's hospitality industry.

Lemon Tree Hotels Q4 Net Profit Expected to Rise by 70.8% - 17 Apr, 2024

Prabhudas Lilladher expects Lemon Tree Hotels to report a net profit of Rs. 75.1 crore, up 70.8% YoY and 112.1% QoQ in Q4 2023. Net sales are expected to increase by 26.9% YoY to Rs. 320.7 crore, while EBITDA is likely to rise by 14% YoY to Rs. 159.5 crore.

Lemon Tree Opens Second Property in Nepal; Shares Trade Lower - 15 Apr, 2024

Lemon Tree Hotels launched its second property in Nepal, but shares traded lower by 4%. The stock has returned approximately 14% in six months and 73% in the past year. At 1:05 pm, the shares were trading 0.64% lower at Rs 138.60 on NSE.

Lemon Tree Hotels Opens Second Property in Nepal - 13 Apr, 2024

Lemon Tree Hotels has opened a new resort, Tigerland Safari, in Chitwan, Nepal. This is the company's second property in Nepal after launching Lemon Tree Premier in Kathmandu. Despite an 11.43% decline in net profit, revenue from operations increased by 23.60% to Rs 288.69 crore in Q3 FY24. The stock fell 0.78% to settle at Rs 139.45 on April 12, 2024.

Lemon Tree Expands to Nepal, Analysts Maintain Buy Rating - 12 Apr, 2024

Lemon Tree Hotels plans to build a portfolio of 13,433 rooms by FY27 and become debt-free in four years. Domestic institutions have been raising stake in the company. Analysts expect strong YoY growth and maintain BUY rating.

Lemon Tree Hotels Expands Presence in Nepal and Bhutan - 10 Apr, 2024

Lemon Tree Hotels expands its presence in Nepal with the opening of Lemon Tree Premier in Kathmandu. The hotel chain also plans to expand further in Bhutan this fiscal year. The company's inventory has crossed 10,000 rooms, and it aims to reach 12,000 operational rooms by 2025 and 14,000-15,000 rooms by 2026.

Lemon Tree Hotels Stock Impresses Large Institutional Owners - 03 Apr, 2024

Lemon Tree Hotels' stock price has risen by 4.5% over the past week, benefiting its large institutional owners who hold a majority stake of 52%. The gains from last week have boosted the one-year return to shareholders to 79%, and the company gained ₹4.7b in market cap.

Lemon Tree Hotels Opens Fourth Property in Kasauli, Himachal Pradesh - 30 Mar, 2024

Lemon Tree Hotels has opened its fourth property in Kasauli, Himachal Pradesh under the brand Lemon Tree Hotel. The company's consolidated net profit declined 11.43% to Rs 35.40 crore despite a 23.60% increase in revenue from operations to Rs 288.69 crore in Q3 FY24 over Q3 FY23. However, shares of Lemon Tree Hotels ended 1.40% lower at Rs 130.75 on Thursday, 28 March 2024.

Brokerage Raises Target Price for Lemon Tree Hotels - 25 Mar, 2024

A domestic brokerage has raised its target price for Lemon Tree Hotels to ₹150 due to strong demand driving new management contracts. The brokerage also maintains an ADD rating on the stock.

Lemon Tree Signs Franchise Agreement for New Hotel Property - 22 Mar, 2024

Lemon Tree Hotels has signed a franchise agreement for an upcoming hotel in Ranchi, Jharkhand. The hotel is expected to open in FY25 and will feature 45 well-appointed rooms, a restaurant, a bar, banquet facilities, meeting rooms, a swimming pool, a fitness center, and other public areas.