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LEMONTREE Lemon Tree Hotels News Story

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Consumer CyclicalsBalancedMid CapNeutral

India's SAMHI Hotels sees steepest drop in four months on sequential quarterly profit drop

** Shares of SAMHI Hotels SAMH.NS fall 6.9% to 207.37 rupees, their biggest drop since mid-April

** Co posts a 14.6% drop in revenue from ops sequentially, PAT drops 58% vs last quarter to 192 million rupees

** The hotel operator's performance affected in MAY by short period of geopolitical issues, Chairman Jakhanwala says

** Analysts covering the stock rate it as "strong buy" on avg; median PT is 293 rupees, per data compiled by LSEG

** YTD, SAMH up ~4%

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com))

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