Lemon Tree Hotels has signed a License Agreement viz Keys Select by Lemon Tree Hotels, Srinagar, Jammu and Kashmir. The property shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2026. This hotel will feature 40 well-appointed rooms, two restaurants, a meeting room, and a fitness center. Powered by Capital Market - Live

The property shall be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2026. This hotel will feature 72 well-appointed rooms, a restaurant, a bar, a swimming pool and other public areas. The hotel is well connected by roadways for both public and private transport. Vilas Pawar, CEO-managed & franchise business, Lemon Tree Hotels, said, 'Being the 'Spiritual Capital of India', Ujjain is on the must-visit list for pilgrims and we are thrilled to expand our presence in the city. This opening will be in addition to our four existing and two upcoming hotels in the state.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite. The company reported a 15.55% fall in consolidated net profit to Rs 19.81 crore in Q1 FY25 as compared to Rs 23.46 crore posted in Q1 FY24. However, revenue from operations jumped 19.52% year on year (YoY) to Rs 268.02 crore in Q1 FY25. Shares of Lemon Tree Hotels shed 0.38% to end at Rs 130.25 on Wednesday, 12 September 2024. Powered by Capital Market - Live

Lemon Tree Hotels announced its latest signing - Lemon Tree Hotel, Pune. The property, which shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, is expected to open in FY 2026. Lemon Tree Hotel, Pune will feature 117 well-appointed rooms, a restaurant, a bar, a meeting room, banquet facilities, a swimming pool and a spa. The Pune International Airport is about 21 kms from the property while Pune Railway Station is about 20 kms away. The hotel is also well connected by roadways for both public and private transport.Powered by Capital Market - Live

The key equity indices traded near the flatline in afternoon trade. The Nifty traded above the 25,050 mark after hitting the day's low of 24,981.30 in early trade. FMCG, IT and pharma shares advanced while oil & gas, PSU bank and metal shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex, added 61.17 points or 0.09% to 81,991.28. The Nifty 50 index rose 21.95 points or 0.09% to 25,089.70. In the broader market, the S&P BSE Mid-Cap index rose 0.24% and the S&P BSE Small-Cap index added 0.10%. The market breadth was positive. On the BSE, 1,947 shares rose and 1,933 shares fell. A total of 114 shares were unchanged. Gainers & Losers: Bajaj Auto (up 4.14%), Asian Paints (up 2.19%), Bajaj Finance (up 2.03%), Bharti Airtel (up 1.22%) and Tech Mahindra (up 1.01%) were major Nifty gainers. Tata Motors (down 5.33%), Oil and Natural Gas Corporation (ONGC) (down 3.03%), Bharat Petroleum Corporation (BPCL) (down 1.55%), Hindalco Industries (down 1.42%) and NTPC (down 1.14%) were major Nifty losers. Stocks in Spotlight: Gensol Engineering gained 1.86% after the company and Matrix Gas & Renewables has secured the project to setup green hydrogen production plant in Pune on build own and operate (BOO) basis. The said project will be India's first green hydrogen valley project in Pune, Maharashtra. The company and Matrix will set up green hydrogen production plant to supply green hydrogen to specialty chemical sector with the firm offtake for 20 years. Aurionpro Solutions slipped 3.80%. The company informed that it has received contract to deliver, implement, and maintain the safe city project from Panvel Municipal Corporation (PMC), Maharashtra. The scope of the project includes the establishment of data centers, control command center, and video analytics capabilities to enable real-time monitoring and faster response times. Jubilant Pharmova advanced 1.16% after its subsidiary, Jubilant HollisterStier LLC's (JHS) manufacturing facility located at Spokane, Washington (USA) received classification of 'Voluntary Action Indicated' from USFDA. The United States Food & Drug Administration (USFDA) conducted an audit of the facility from 28 May to 6 June 2024. The US drug regulatorhas now determined the inspection classification of the facility as 'Voluntary Action Indicated'. Goa Carbon gained 6.38% after the company informed that it has resumed operations at its Goa unit located at St. Jose de Areal, Salcete-Goa. The company on 29 July 2024 informed that the operations at its Goa unit had been temporarily shut down for maintenance work from the same date. The operations are resumed now. Samvardhana Motherson International slipped 2.75%. The company's prominent client BMW announced a downward revision to its financial outlook for 2024. On Tuesday, the German luxury carmaker BMW has cut its profit margin forecast for the year due to sluggish demand in China, its key market, and problems related to a braking system supplied by Continental. BMW has cut its EBIT margin guidance for 2024 to between 6% to 7% from the 8% to 10% range earlier. EBIT margin for the motorcycle segment is also likely to be in the same range from the 8% to 10% range earlier. According to Samvardhana Motherson International's 2024 annual report, BMW accounted for 5% of the total revenue of the company. The share of Chinese market in the company's total revenue was at 11% for the period under review. Global Markets: The Dow Jones index futures were down 109 points, indicating a weak opening in the US stocks today. Europeans stocks advanced while Asian stocks traded lower on Wednesday, as investors focus on the latest U.S. inflation data set to be released later in the day. Crude oil prices remained near three-year lows, below $70 per barrel, due to concerns about weak demand. The upcoming debate between Vice President Kamala Harris and former President Donald Trump could significantly influence the U.S. election. Investors will then turn their attention to the U.S. Consumer Price Index (CPI) report, which could provide clues about potential Federal Reserve interest rate cuts. While the Fed is expected to lower rates next week, the magnitude of the cut remains uncertain, especially after a mixed jobs report last Friday. U.S. stock markets experienced a volatile session on Tuesday, closing mixed as investors prepared for the CPI report. The S&P 500 (+0.5%) and Nasdaq Composite (+ 0.9%) finished slightly higher, while the Dow Jones Industrial Average (-0.2%) closed lower. Apple shares declined after the company lost a legal battle in the EU over a $14 billion tax bill. This followed the recent launch of the iPhone 16, which was met with some disappointment regarding its artificial intelligence capabilities. Powered by Capital Market - Live

The key equity indices reversed all early losses and traded with tiny gains in morning trade. The Nifty traded near the 25,050 mark after hitting the day's low of 24,981.30 in early trade. Oil & gas shares witnessed selling pressure for the seventh consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex, rose 31.31 points or 0.03% to 81,957.33. The Nifty 50 index added 7.35 points or 0.03% to 25,048.45. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.08% and the S&P BSE Small-Cap index gained 0.28%. The market breadth was positive. On the BSE, 2,051 shares rose and 1,539 shares fell. A total of 156 shares were unchanged. Buzzing Index: The Nifty Oil & Gas index declined 0.99% to 12,687.65. The index fell 5.92% in seven consecutive trading sessions. Oil India (down 5.99%), Oil & Natural Gas Corpn (down 2.5%), Indraprastha Gas (down 2.26%), Gujarat Gas (down 1.26%), Mahanagar Gas (down 1.04%), Aegis Logistics (down 0.9%), Hindustan Petroleum Corporation (down 0.87%), Bharat Petroleum Corporation (down 0.84%), Indian Oil Corporation (down 0.79%) and GAIL (India) (down 0.5%) declined. On the other hand, Reliance Industries (up 0.11%) and Adani Total Gas (up 0.07%) edged higher. Stocks in Spotlight: Lemon Tree Hotels added 1.61% after the company informed that it has signed a license agreement viz Lemon Tree Hotel, Mira Road, Mumbai. Genus Power Infrastructure added 0.23%. The company has established two wholly-owned step-down subsidiaries on 10 September 2024. The new subsidiaries are Genus Shekhawati Smart Metering Solutions SPV Private and Genus Marwar Smart Metering Solutions SPV private. Powered by Capital Market - Live

The property, which shall be managed by Carnation Hotels Private, a wholly-owned subsidiary of Lemon Tree Hotels, is expected to open in FY 2026. Lemon Tree Hotel, Nashik will feature 57 well-appointed rooms, a restaurant, a bar, a banquet hall, a meeting room, a swimming pool and a spa. Vilas Pawar, CEO- Managed & Franchise Business, Lemon Tree Hotels commented, 'We are delighted to announce the expansion of our portfolio in Maharashtra, the economic powerhouse of the country. Nashik is a hotspot of vineyard tourism and this is our second opening in the city. This property will be in addition to our twelve existing and one upcoming hotel in the state. Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite. The company reported a 15.55% fall in consolidated net profit to Rs 19.81 crore in Q1 FY25 as compared to Rs 23.46 crore posted in Q1 FY24. However, revenue from operations jumped 19.52% year on year (YoY) to Rs 268.02 crore in Q1 FY25. The counter fell 0.42% to settled at Rs 129.35 on Monday, 9 September 2024.Powered by Capital Market - Live

Lemon Tree Hotels announced that the Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live

Lemon Tree Hotels announced that the Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live

The property shall be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2026. This hotel will feature 72 well-appointed rooms, a restaurant, a rooftop bar, two banquet halls and meeting rooms, a fitness center and a swimming pool. Vilas Pawar, ceo managed & franchise business, Lemon Tree Hotels, said, 'We are thrilled to announce the signing of our eighth upcoming property in Ayodhya, Uttar Pradesh, a popular pilgrimage destination. This is our second signing in Ayodhya and this hotel will be in addition to our seven operational and seven upcoming hotels in the state.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite. The company reported a 15.55% fall in consolidated net profit to Rs 19.81 crore in Q1 FY25 as compared to Rs 23.46 crore posted in Q1 FY24. However, revenue from operations jumped 19.52% year on year (YoY) to Rs 268.02 crore in Q1 FY25. Shares of Lemon Tree Hotels rose 0.49% to Rs 134.10 on the BSE. Powered by Capital Market - Live

The property shall be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2027. This hotel will feature 72 well-appointed rooms, a restaurant, a bar, a swimming pool and other public areas. The hotel is well connected by roadways for both public and private transport. Vilas Pawar, CEO-managed & franchise business, Lemon Tree Hotels, said, 'Being the 'Spiritual Capital of India', Ujjain is on the must-visit list for pilgrims and we are thrilled to expand our presence in the city. This opening will be in addition to our four existing and two upcoming hotels in the state.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite. The company reported a 15.55% fall in consolidated net profit to Rs 19.81 crore in Q1 FY25 as compared to Rs 23.46 crore posted in Q1 FY24. However, revenue from operations jumped 19.52% year on year (YoY) to Rs 268.02 crore in Q1 FY25. Shares of Lemon Tree Hotels shed 0.49% to end at Rs 132.70 on Wednesday, 28 August 2024. Powered by Capital Market - Live