Lemon Tree Hotels is witnessing a positive uptick in its stock price, currently trading at Rs. 132.85, which is a rise of 2.10 points or 1.61% compared to its last closing price of Rs. 130.75 on the BSE.

The stock opened at Rs. 132.70 and reached a high of Rs. 134.45 and a low of Rs. 132.10 during the session, with 223,319 shares traded so far.

The stock, which belongs to the BSE 'A' group and has a face value of Rs. 10, reached its 52-week high of Rs. 158.05 on May 6, 2024, and its 52-week low of Rs. 100.75 on October 26, 2023.

In the last week, the stock's high and low were Rs. 133.85 and Rs. 127.70, respectively, with the company’s current market capitalization standing at Rs. 10,616.10 crore.

Promoters hold 22.80% of the company, while institutions and non-institutional investors hold 42.81% and 34.39%, respectively.

Lemon Tree Hotels recently signed a new property—Lemon Tree Hotel, Mira Road, Mumbai. This hotel, managed by its subsidiary Carnation Hotels, is scheduled to open by FY 2026.

The new hotel will offer 108 rooms, a restaurant, a bar, a meeting room, a swimming pool, and a spa. It is located 31 kilometers from Chhatrapati Shivaji Maharaj International Airport and 13 kilometers from Borivali Railway Station, with excellent road connectivity for both public and private transport.

Lemon Tree Hotels is the largest mid-priced hotel chain in India and ranks third overall based on its controlling interest in owned and leased rooms.