Latest news with #LemonTreeHotelsLtd
Business Insider
01-06-2025
- Business
- Business Insider
Ambit Holdings Remains a Buy on Lemon Tree Hotels Ltd. (LEMONTREE)
Ambit Holdings analyst Karan Khanna maintained a Buy rating on Lemon Tree Hotels Ltd. (LEMONTREE – Research Report) yesterday and set a price target of INR205.00. The company's shares closed last Friday at INR139.33. Confident Investing Starts Here: Lemon Tree Hotels Ltd. has an analyst consensus of Moderate Buy, with a price target consensus of INR210.00, a 50.72% upside from current levels. In a report released on May 30, Investec also maintained a Buy rating on the stock with a INR170.00 price target. The company has a one-year high of INR162.25 and a one-year low of INR110.55. Currently, Lemon Tree Hotels Ltd. has an average volume of 178.1K.
Business Upturn
12-05-2025
- Business
- Business Upturn
Lemon Tree Hotels shares jump over 5% after India-Pakistan tensions ease
By Aditya Bhagchandani Published on May 12, 2025, 10:39 IST Shares of Lemon Tree Hotels Ltd surged 5.36% on Monday to ₹136.71 after tensions between India and Pakistan eased over the weekend, boosting overall sentiment in the tourism and hospitality sector. The stock had previously closed at ₹129.75 and reached an intraday high of ₹138. The rally comes as the Indian Air Force lifted NOTAM (Notice to Airmen) restrictions, reopening 32 airports near the border that were shut during the recent cross-border military standoff. This reopening is seen as a key signal for the revival of air travel and hospitality demand. Tourism-linked stocks, including airlines, hotel chains, and travel platforms, gained sharply in Monday's trade. The Nifty India Tourism Index was up nearly 4%, reflecting sector-wide optimism. Lemon Tree, which saw pressure last week amid cancelled bookings and reduced air travel, is now trading with renewed momentum. The stock has a market capitalization of ₹108.64 billion and recorded a volume of over 2.6 million shares by late morning. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
