{"id":111352,"date":"2023-10-06T16:27:41","date_gmt":"2023-10-06T10:57:41","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111352"},"modified":"2023-10-06T16:27:46","modified_gmt":"2023-10-06T10:57:46","slug":"hospitality-stock-in-green-after-it-announces-the-launch-of-indias-largest-hotel-with-669-rooms-and-suites","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/hospitality-stock-in-green-after-it-announces-the-launch-of-indias-largest-hotel-with-669-rooms-and-suites\/","title":{"rendered":"Hospitality stock in green after it announces the launch of India&#8217;s largest hotel with 669 rooms and suites"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2143191463\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of India\u2019s largest hospitality chain gained 2 percent to Rs 121.50 per share on Friday, after the company launched India\u2019s largest hotel by total rooms.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-109204226\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At the day\u2019s closing the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/LEMONTREE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Lemon Tree Hotels<\/a><\/strong> were trading at Rs. 118.80 up by 0.76 percent from its previous day close price, and the market capitalization of the company is 9,412 Cr.\u00a0<\/p><p>As per the company\u2019s filing, Lemon Tree Hotels has announced the launch of Aurika, Mumbai Skycity, under the brand Aurika Hotels &amp; Resorts, it is a deluxe hotel that consists of 669 rooms and suites and is India\u2019s largest hotel by number of rooms. This launch brings Lemon Tree Hotels one step closer to its goal of bringing the total inventory, including operational and to be opened, to 20,000+ rooms, in the next four years.&nbsp;<\/p><p>The company\u2019s revenue increased by 117.53 percent from 402.24 Cr in FY22 to 874.99 Cr in FY23, accompanied by a decreasing loss of 137.36 Cr to profit of 140.54 Cr.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-801845860\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company has reported a return on equity (ROE) of 16.68 and return on capital employed (ROCE) of 14.06 percent, this indicates that the company is making decent returns on its equity and capital employed.&nbsp;<\/p><p>According to the latest shareholding data available for the June 2023 quarter, the company\u2019s Promoters hold 23.60 percent stake, the Domestic Institutional Investors hold 10.38 percent and the Foreign Institutional Investors (FII) hold 25.48 percent.&nbsp;<\/p><p>Lemon Tree Hotels Limited is India\u2019s largest hotel chain in the mid-priced hotel sector, and the third largest overall, on the basis of controlling interest in owned and leased rooms. It operates in the upscale segment and in the mid-priced sector, consisting of the upper-midscale, midscale and economy segments. It delivers differentiated yet superior service offerings, with a value-for-money proposition.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1457558955\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of India\u2019s largest hospitality chain gained 2 percent to Rs 121.50 per share on Friday, after the company launched India\u2019s largest hotel by total rooms.&nbsp; At the day\u2019s closing the shares of Lemon Tree Hotels were trading at Rs. 118.80 up by 0.76 percent from its previous day close price, and the market [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11230,12905,5244,948,936],"class_list":["post-111352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-lemon-tree-hotels-latest-news","tag-lemon-tree-hotels-new-hotel","tag-lemon-tree-hotels-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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