India's Lemon Tree Hotels up after license agreement

Lemon Tree Hotels

14/02/2024 10:01

** Shares of Lemon Tree Hotels  LEMO.NS  up 4.7% at 135
rupees, paring some gains from intraday high 
    ** Hotel chain operator says signed license agreement for
upcoming hotel in Noida; also expanding portfolio in Uttar
Pradesh state 
    ** Stock on track to snap three straight sessions of losses 
    ** Average recommendation on the stock as well as rivals
Chalet Hotels  CHAL.NS  and Indian Hotels Co  IHTL.NS 
equivalent to "buy" - LSEG data
    ** LEMO up ~13% in 2024 vs CHAL's 19% jump and IHTL's 20%
climb

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))