India's Lemon Tree Hotels gains after signing new properties in Rajasthan

Lemon Tree Hotels

03/09/2025 07:22

** Shares of Lemon Tree Hotels LEMO.NS rise 3% to 170 rupees

** Hotel chain operator signs three new properties in Pushkar and Ajmer in Rajasthan

** Properties to be managed by subsidiary Carnation Hotels; total of 205 rooms added

** More than 5.7 mln shares change hands, 1.2x of 30-day avg

** LEMO rated "buy" by 18 analysts on average; median target price is 175 rupees – data compiled by LSEG

** Stock up  11.2% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))