Introduction
Cricket World Cup is being held in India, so before that the hotel sector lemon tree share You should buy it, the brokerage firm has also given it big targets, so initially we will look at the functioning of this company, its current position in the stock market, information about the returns and what is the reason behind the brokerage firm and the World Cup which has given big targets. If you can come, then we are going to get information about this through today’s article.
Lemon Tree Hotels Ltd
The company was started in 2002 by Pattu Keswani with only 49 rooms, but currently the company has expanded from India including Dubai to Bhutan and now 92 hotels have been built and hotels have been established in 58 areas and 8400 rooms have been constructed in them. Has been done, lemon tree share Talking about the main brands of the company, it includes 7 such brands like Lemon Tree Hotel, Lemon Tree Premier, Aur Ka Hotel.
Lemon Tree share The current status of that
The market cap of the company is Rs 9,245.52 crore, then lemon tree share The company currently has a debt of Rs 370.70 crores, the company’s promoter holding is 23.6% and the company has Rs 7.92 crores available in the form of free cash, so the company’s sales growth is 140.16% and profit growth is 600.51%.
Return information for last 5 years
If we get information about company’s returns lemon tree share The company has given returns of 50% in the last 6 months, 40% returns in the last 1 year, 60% returns in the last 3 years and 9% returns in the last 5 years, which means the company is continuously providing good returns to its investors. Has succeeded in giving.
Brokerage firms’ targets increased
In June 2023 lemon tree share The results of the quarter presented by the company were weak. The company had earned a net profit of only Rs 13 crores which was Rs 30 crores in the last quarter, but this is the reason for the good results of the company in the next two quarters. Cricket World Cup is happening in India, due to which people will come to watch all the international level matches, then due to staying in hotels, you will see good growth in the hotel sector, and lemon tree share company’s presence in North, South, Central India. 92 hotels have been established together in East and West.
Lemon Tree share is currently trading at ₹ 116 and its 52 week high level is ₹ 118 and 52 week low level is ₹ 70. According to the information received from the brokerage firm, brokerage firm Prabhu Das Lilladhar has given a bullish target for the next this in 6 months lemon tree share Can cross Rs 140.
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