Mumbai, October 17 (Udaipur Kiran): Shares of Lemon Tree Hotels gained over 1% on Friday after the company announced the signing of a new property in Mahabaleshwar, Maharashtra, further expanding its footprint in the state.
At 11:30 AM, the stock was trading at ₹165.75, up by ₹2.15 or 1.31%, compared to its previous close of ₹163.60 on the BSE. The scrip opened at ₹164.00 and touched a high of ₹167.00 and a low of ₹164.00, with around 45,899 shares traded so far.
The BSE ‘A’ group stock, with a face value of ₹10, hit its 52-week high of ₹180.60 on September 8, 2025, and a 52-week low of ₹110.55 on April 7, 2025. The company’s market capitalization currently stands at ₹13,123.56 crore.
Promoters hold 22.28% of the company’s equity, while institutional investors own 41.31% and non-institutional investors hold 36.41%.
Lemon Tree Hotels announced that it has signed its latest property, Lemon Tree Resort, Saj by the Mountain, Mahabaleshwar, which will be managed by its wholly-owned subsidiary, Carnation Hotels. The resort will feature 78 well-appointed rooms, a restaurant and bar, a banquet hall, and recreational facilities including a swimming pool and spa.
The property is located about 147 km from Pune International Airport and 160 km from Pune Railway Station, and is well connected by both public and private road transport.
Lemon Tree Hotels is India’s largest hotel chain in the mid-priced segment and the third largest overall, based on the number of owned and leased rooms. The new signing is expected to further strengthen its presence in the western region and enhance its appeal among both business and leisure travellers.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
