Multibagger Hotel Stock Rises 12% Today, Motilal Reiterates Buy Call; TP Rs 150

Motilal Oswal has recommended investors to buy shares of mid cap Hotels & Resorts industry stock Lemon Tree Hotels Ltd with target price of Rs 150 apiece. Current market price of Lemon Tree Hotels share on BSE is Rs 132.55 per share with intraday gain of 11.67%. If you buy Lemon Tree Hotels stock at the current market price of Rs 132.55 apiece, you can fetch likely return of 13.16%. Lemon Tree Hotels shares surged 182% in last 2-years.

Lemon Tree Hotels Stock Performance & Return: The 52-week high price of Lemon Tree Hotels share on BSE is Rs 133.70 per share and 52-week low price is Rs 71.95 per share, respectively. The company has a market capitalisation of Rs 10,398.23 crore. Lemon Tree Hotels shares surged 10.61% in last 1-week, soared 16% in last 1-month, gained 40% in last 6-months, and offered return of 56% in last 1-year. In last 2-years, Lemon Tree Hotels shares witnessed a sharp rally of 182%. Lemon Tree Hotels shares offered shareholders return of 214% in last 3-years.

Lemon Tree Hotels Valuation: According to the analyst, "We expect LEMONTRE to deliver a revenue/EBITDA/Adj. PAT CAGR of 21%/22%/38% over FY23-26 and improve RoE to ~22% by FY26 from 14% in FY23. We reiterate our BUY rating on the stock with our SoTP-based TP of INR150."

Lemon Tree Hotels (LEMONTRE) has established a niche for itself in the growing midmarket hospitality segment and is now expanding its wings by improving its presence in the top (upscale/luxury) segment and increasing its inventory through management contracts. We believe the company is set to benefit significantly from the sectoral tailwinds and emerge as a larger and stronger player, added Motilal Oswal.

Lemon Tree Hotels Signs A New Property In Mussoorie, Uttarakhand: Lemon Tree Hotels announced its latest signing - Lemon Tree Hotel, Mussoorie. The property which shall be franchised by Lemon Tree Hotels Limited, is expected to open in FY25. Speaking on the occasion, Mr. Vilas Pawar, CEO - Franchise Business, Lemon Tree Hotels commented, "We are pleased to announce the expansion of our portfolio in Uttarakhand. With stunning scenery, diverse activities and rich cultural heritage, Uttarakhand is attracting travelers all year round. This opening will be in addition to our eight existing and seven upcoming hotels & resorts in the state."

Disclaimer:

The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.