Lemon Tree Hotels shares rose 3% following Macquarie’s reaffirmation of an “Outperform” rating with a target price of ₹200. As of 9:33 AM, the shares were trading 1.96% higher at Rs 144.90.
The positive sentiment was driven by the company’s strong quarterly performance, highlighted by robust RevPAR growth at its flagship Aurika property in Mumbai.
The management outlined an ambitious five-year expansion plan aimed at potentially doubling the number of rooms in its portfolio. Additionally, a new management structure has been implemented to support the planned demerger of the Fleur brand by the end of FY26.
Macquarie remains optimistic about Lemon Tree Hotels’ growth prospects, underpinned by its strategic expansion initiatives and strong performance of premium properties.
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