Lemon Tree Hotels opens new property in Sri Ganganagar, Rajasthan

LEMONTREE · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+4.5%1-day move

₹108.50

prior close

₹109.60

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.6-0.2-0.2+0.6+4.5+9.4+9.6+10.0+9.9+7.6+9.0+3.1——

Up moveDown movePending

AI summary

Lemon Tree Hotels announced the opening of Lemon Tree Hotel, Sri Ganganagar in Rajasthan, its 13th operational hotel in the state. The property features 68 rooms and suites, up from the 60 disclosed in March 2023, plus a restaurant, bar, banquet hall, meeting rooms, spa, swimming pool and fitness centre. It is managed by Carnation Hotels, a wholly owned subsidiary. LTHL has 10 more hotels in the pipeline across Rajasthan and operates 130 plus hotels across 80 plus cities, with 130 plus upcoming properties overall.

Likely market impact

Routine network expansion into a new Tier-III market, supportive of long-term growth but unlikely to materially move the stock on its own.