AgenciesICICI Direct has buy call on Lemon Tree Hotels with a target price of Rs 87. The current market price of Lemon Tree Hotels is Rs 77.7. Time period given by analyst is 3 months when Lemon Tree Hotels Ltd. price can reach defined target.
Lemon Tree Hotels Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 6036.92 Crore) operating in Tourism & Hospitality sector.
Lemon Tree Hotels Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2022.
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 192.29 Crore, up 51.21 % from last quarter Total Income of Rs 127.17 Crore and up 334.26 % from last year same quarter Total Income of Rs 44.28 Crore. Company reported net profit after tax of Rs 13.30 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to resolve higher and gradually head towards Rs 87 levels in coming months as it is the price parity with the previous up move (Rs 59-79) as projected from the recent trough of Rs 67.
Promoter/FII Holdings
Promoters held 23.93 per cent stake in the company as of 30-Jun-2022, while FIIs owned 27.93 per cent, DIIs 11.4 per cent.
Lemon Tree Hotels Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 6036.92 Crore) operating in Tourism & Hospitality sector.
Lemon Tree Hotels Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 192.29 Crore, up 51.21 % from last quarter Total Income of Rs 127.17 Crore and up 334.26 % from last year same quarter Total Income of Rs 44.28 Crore. Company reported net profit after tax of Rs 13.30 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to resolve higher and gradually head towards Rs 87 levels in coming months as it is the price parity with the previous up move (Rs 59-79) as projected from the recent trough of Rs 67.
Promoter/FII Holdings
Promoters held 23.93 per cent stake in the company as of 30-Jun-2022, while FIIs owned 27.93 per cent, DIIs 11.4 per cent.
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