Lemon Tree Hotels, Indian Hotels, Chalet Hotels gain ahead of ICC World Cup
1 year, 2 months ago

Lemon Tree Hotels, Indian Hotels, Chalet Hotels gain ahead of ICC World Cup

Live Mint  

Hotel stocks on Thursday's session were trading in the green zone in light of the ICC Men's World Cup, which will be played in 10 stadiums around the country from October 5 to November 19. Shares of Lemon Tree Hotels, Indian Hotels Company, and Chalet Hotels gained over 1% to 2% on Thursday. Chalet Hotels share price touched 52-week high of ₹596.90 apiece on BSE, and Indian Hotels share price was hovering around its 52-week levels in today's session. “We initiate coverage on Indian Hotels Company with a ‘buy’ recommendation, on Lemon Tree Hotels also with a ‘buy’, and on Chalet Hotels with a ‘hold’ amid limited upside. “Indian Hotel has a good support base around ₹400 while stocks such as Lemon Tree and Chalet too have been forming higher top higher bottom structure with supports around ₹110 and ₹535, respectively.

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History of this topic

Lemon Tree eyes shared loyalty alliances with international hotel chains
2 weeks, 2 days ago

Lemon Tree eyes shared loyalty alliances with international hotel chains

Live Mint  

As demand for hotel rooms in India is expected to outpace supply in the coming years, Lemon Tree Hotels is readying itself to leverage its brand identity and capture a more premium pricing. Keswani said that over the past 12 years, Lemon Tree has built more hotel rooms than any other hotel company in India. He said that the Delhi-based …

Lemon Tree’s renovation drive leaves little room for re-rating
1 month ago

Lemon Tree’s renovation drive leaves little room for re-rating

Live Mint  

Lemon Tree Hotels Ltd has started to reap some benefits from the growing demand for premium hotels, but its aggressive renovation plan is hurting its profitability. The ongoing premiumization in the mid-market hotels space boosted Lemon Tree’s consolidated average room rate by 12% year-on-year to ₹5,902 in the July-September quarter, aiding revenue per available room—or RevPAR, a key measure of …

Lemon Tree Hotels Q2 Results 2024: Profit Rises by 30.87% YoY
1 month, 1 week ago

Lemon Tree Hotels Q2 Results 2024: Profit Rises by 30.87% YoY

Live Mint  

Lemon Tree Hotels Q2 Results 2024:Lemon Tree Hotels has announced its Q2 results for the fiscal year 2024, revealing a robust performance with significant growth in both revenue and profits. In comparison to the previous quarter, Lemon Tree Hotels saw a revenue growth of 6.1% and a remarkable profit increase of 49.61%. As of November 15, 2024, out of 16 …

Lemon Tree Hotels Q2 Results: Net profit rises 33% YoY to ₹35 crore, revenue up 24%
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1 month, 1 week ago

Lemon Tree Hotels Q2 Results: Net profit rises 33% YoY to ₹35 crore, revenue up 24%

Live Mint  

Lemon Tree Hotels Q2 Results: Lemon Tree Hotels Limited announced its July to September quarter results on Thursday, November 11. The company recorded a 33 per cent rise in net profits to ₹35 crore for the second quarter of the financial year 2024-25, compared to ₹26.38 crore in the same quarter the previous year, according to the company's BSE filing. …

Indian Hotels share price rises 6% to 1-year high post Q2 results; market cap crosses ₹1 lakh crore
1 month, 2 weeks ago

Indian Hotels share price rises 6% to 1-year high post Q2 results; market cap crosses ₹1 lakh crore

Live Mint  

Stock Market Today: Indian Hotels Company Ltd share price gained more than 6% in intra-day trade on Friday to scale a one-year high following strong September quarter results. Indian Hotels share price opened at ₹709.95 on the BSE on Friday, more than 3% higher than the previous close of ₹683.60. Q2 Results During the quarter ended September 2024, Indian Hotels …

FY25 Outlook: Hotels to see revenue growth of 9-11%, a 3rd straight Year of growth- CareEdge
8 months, 3 weeks ago

FY25 Outlook: Hotels to see revenue growth of 9-11%, a 3rd straight Year of growth- CareEdge

Live Mint  

Indian Hotels Company, EIH Ltd, Lemon Tree Hotels, Chalet Hotels share price have risen 70%-189% in last one year. The same has been helped by continuing upcycle as Revenue per available room have improved regularly in the back of rising occupancy and improvement in average room rates. The outlook remains strong and share prices of EIH, Lemont Tree Indina Hotels, …

Samhi Hotels makes strong debut on stock market listing
1 year, 3 months ago

Samhi Hotels makes strong debut on stock market listing

Hindustan Times  

Samhi Hotels, which operates Marriott, Hyatt and IHG hotels in India, rose as much as 7.9% in its trading debut on Friday, valuing the company at 29.63 billion rupees. Samhi Hotels managed to garner bids worth 41.96 billion rupees after the company's IPO was oversubscribed by more than five times earlier this week. Revenue from operations more than doubled to …

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