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LEMONTREE Lemon Tree Hotels News Story

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India's Lemon Tree Hotel rises after unit wins bid to run 5-star hotel in Delhi

** Lemon Tree Hotels LEMO.NS rises ~6% to 154 rupees

** Hotel chain operator's unit gets letter of award to develop, operate five-star hotel in New Delhi

** More than 4.9 mln shares traded, ~1.3X the 30-day avg

** Stock rated "buy" on average; median PT is 175 rupees, per data compiled by LSEG

** YTD, LEMO down 3.1%

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com;))

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