Lemon Tree Hotels inched up in trade today, gaining 0.08% on the Bombay Stock Exchange (BSE) after announcing the signing of a new property in Shirdi, Maharashtra. The stock is currently trading at ₹126.60, up by 0.10 points from its previous close of ₹126.50.
The stock opened at ₹127.45, reaching an intraday high of ₹128.00 and a low of ₹125.90. With 80,137 shares traded, investor sentiment appears stable despite the market fluctuations.
📊 Stock Performance & Market Trends
✔ 52-Week High: ₹162.25 (2-Jan-2025)
✔ 52-Week Low: ₹112.30 (7-Oct-2024)
✔ One-Week High: ₹135.95
✔ One-Week Low: ₹125.65
✔ Market Capitalization: ₹10,065.49 crore
✔ Shareholding Pattern:
- Promoters: 22.77%
- Institutional Investors: 40.81%
- Non-Institutional Investors: 36.43%
🏨 New Lemon Tree Hotel in Shirdi – Key Highlights
Lemon Tree Hotels has officially signed a new Lemon Tree Hotel in Shirdi, Maharashtra, further expanding its mid-priced hospitality portfolio.
✔ Operator: Carnation Hotels (Wholly-owned subsidiary of Lemon Tree Hotels)
✔ Opening Year: Expected in FY 2028
✔ Room Count: 50 well-appointed rooms
✔ Amenities: Restaurant, banquet hall, meeting room, swimming pool, spa, and public areas
✔ Connectivity:
- Shirdi International Airport – 14.8 km away
- Sainagar Shirdi Railway Station – 3 km away
- Well-connected by road with easy access to public and private transport
This strategic expansion aligns with Lemon Tree Hotels’ long-term growth vision, capitalizing on Shirdi’s high tourist footfall and its status as a major pilgrimage destination.
🧐 Lemon Tree Hotels – A Leading Player in India’s Hospitality Sector
✔ Largest Mid-Priced Hotel Chain in India
✔ Third-Largest Hotel Chain in India (By Owned & Leased Rooms)
✔ Aggressive Expansion Plans Across Key Markets
Lemon Tree Hotels continues to strengthen its market position with strategic property additions, leveraging its expertise in mid-priced accommodations while maintaining strong operational performance.
As the hospitality sector recovers and demand surges, the addition of Lemon Tree Hotel, Shirdi, will further solidify the company’s presence in religious tourism markets, promising sustained growth in the coming years.
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.