India's Lemon Tree Hotels hits record high

Lemon Tree Hotels

19/12/2024 08:41

** Shares of Lemon Tree Hotels  LEMO.NS  rise 2.7% to a
record high of 159 rupees 
    ** Stock on track to seventh straight day of gains, if trend
holds
    ** Reuters could not immediately ascertain the reason behind
LEMO's move
    ** December marks LEMO's busiest in 4 months, with nearly
100 mln shares traded
    ** Analysts' avg rating on stock is "buy", same as that on
peers Indian Hotels Co  IHTL.NS  and Chalet Hotels  CHAL.NS  -
data compiled by LSEG 
    ** Their median PT on LEMO is 153 rupees - LSEG data
    ** Stock up 30% YTD, vs 101% and 43% gains in IHTL and CHAL,
respectively

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))