Yes Securities has buy call on Lemon Tree Hotels with a target price of Rs 60. The current market price of Lemon Tree Hotels Ltd. is Rs 52.1. Time period given by analyst is Intra Day 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 4127.60 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-2021.
financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 146.01 Crore, up 47.75 % from last quarter Total Income of Rs 98.82 Crore and up 100.74 % from last year same quarter Total Income of Rs 72.73 Crore. Company reported net profit after tax of Rs -5.59 Crore in latest quarter.
investments rational
The series of ascending tops and bottoms remain intact. Positive follow-up action to today’s bullish candle could lift the stock to revisit levels of Rs 60.
Promoters/FII Holdings
Promoters held 25.9 per cent stake in the company as of June 30, 2021, while FIIs held 22.4 per cent, DIIs 14.2 per cent and public and others 37.5 per cent.
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