Mumbai, October 16 (Udaipur Kiran): Shares of Lemon Tree Hotels surged over 2% in Wednesday’s trading session after the company announced the launch of its second property in Jharkhand. The stock was trading at Rs. 166.80, up by 2.33%, compared to its previous close of Rs. 163.00 on the BSE.
The scrip opened at Rs. 163.15 and touched an intraday high of Rs. 167.25 and a low of Rs. 163.10. Around 11,734 shares changed hands during the session. The company’s market capitalization currently stands at Rs. 12,913.62 crore.
Lemon Tree Hotels has unveiled its latest franchised property — Lemon Tree Hotel, Ranchi, further expanding its footprint in the eastern region. This marks the brand’s second hotel in Jharkhand, after its successful presence in Jamshedpur.
The new property offers 45 well-appointed rooms and suites, along with a multi-cuisine Citrus Café restaurant, Slounge recreation bar, a fully equipped fitness center, and a swimming pool, providing guests with a fresh and value-driven experience.
Located in Ranchi, the capital city of Jharkhand, the hotel aims to cater to both business and leisure travelers. Known as the ‘City of Waterfalls’, Ranchi is rapidly emerging as a hub for business, education, and healthcare, with improving connectivity and infrastructure driving its growth.
Lemon Tree Hotels continues to be India’s largest hotel chain in the mid-priced segment and the third largest overall, based on controlling interest in owned and leased rooms.
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.
