Lemon Tree Hotels stock hits new record high on signing a license agreement for two properties

In a recent note, global brokerage firm JM Financial has initiated coverage on the stock, setting a target price of ₹115, indicating an upside potential of 8.5% for the stock from its current trading price.

Q4 earnings preview: Sustained demand may aid strong operational performance for hotels, says ICICI Direct

The brokerage firm anticipates QoQ revenue growth of 8% and 3% for Lemon Tree Hotels and EIH, respectively, but a 6% fall for Indian Hotels Company (IHCL) due to weak seasonality in its international business. 

G20 Summit, Men's Cricket World Cup likely to boost demand for hotels; ICICI Securities suggests these two stocks

While the outlook for the sector appears bright, there are concerns too. As per ICICI Securities, headwinds in the form of global macro factors and discretionary consumption slowdown may impact demand.

Lemon Tree gains 3.5% on signing a license agreement for hotel in Rajasthan

Lemon Tree Hotels is one of the largest hotel chains in India on the basis of controlling interest in owned and leased rooms, the sixth largest by consolidated inventory. In the last one-year period, the company shares delivered a fabulous return of 49%, climbing from ₹52.80 apiece to the current price of ₹78.50.

Lemon tree hotels rose 3% after it signs a license agreement for new property in Bhopal

Lemon Tree Hotels is one of the largest hotel chains in India on the basis of controlling interest in owned and leased rooms. In the latest December quarter, the company reported a 151% QoQ jump in its consolidated net profit at ₹48.6 crore, and a 338% increase compared to Q3 FY20.

Budget 2023: Hotel stocks soar after FM announces new initiatives to promote tourism

Nirmala Sitharaman announced the ‘Dekho Apna Desh’ initiative to promote domestic tourism. Under this scheme, a total of 50 destinations in the country will be selected through challenging mode.

Lemon Tree Hotels soared 84% in 2022; does it still have room to run?

Lemon Tree currently operates 8,300 rooms in 87 hotels across 52 destinations, in India and abroad, under its various brands (including Lemon Tree, Red Fox and Keys) and the company is planning to add another 2,605 rooms over the next three years.

Lemon Tree Hotels Stock Check: Up 118% from 52-week low; Fundamental and technical analysts say this on its future

<ul><li>Lemon Tree Hotels posted a consolidated net profit of ₹13.9 crore for the June quarter (Q1FY23) as against a net loss of ₹40.1 crore in the same quarter of last year.</li></ul>

Motilal Oswal is positive about Lemon Tree, sees a 31% upside in the stock

Motilal Oswal Financial Services has a 'buy' call on the stock of Lemon Tree Hotels with a target price of ₹86, implying a 31% upside from the stock's July 11 closing of ₹65.70 on BSE.

<ul><li>Motilal Oswal Financial Services has a 'buy' call on the stock of Lemon Tree Hotels with a target price of ₹86, implying a 31% upside from the stock's July 11 closing of ₹65.70 on BSE.</li></ul>

Top Lemon Tree Hotels News

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Lemon Tree Hotels stock hits new record high on signing a license agreement for two properties

markets

Q4 earnings preview: Sustained demand may aid strong operational performance for hotels, says ICICI Direct

markets

G20 Summit, Men's Cricket World Cup likely to boost demand for hotels; ICICI Securities suggests these two stocks

markets

Lemon Tree gains 3.5% on signing a license agreement for hotel in Rajasthan