NSE: LEMONTREE · 28 October 2026
- Lemon Tree Hotels Ltd. shares are trading up 0.95% at ₹107.54, moving within a day's range of ₹104.48 to ₹108.60 after opening slightly lower at ₹106.44.
- Lemon Tree Hotels announced the signing of a license agreement for Lemon Tree Hotel, Sirhind, to be managed by its wholly-owned subsidiary, Carnation Hotels Private Limited. The property will feature 76 well-appointed rooms alongside a restaurant, banquet hall, meeting rooms, a swimming pool, spa, and fitness centre. This addition brings the group's footprint in Punjab to four operational and ten upcoming hotels.
- Trading volume was 1.84 times the 20-day average daily volume.
Why is Lemon Tree Hotels share price rising on 28 October 2026?
Lemon Tree Hotels Ltd. shares are trading up 0.95% at ₹107.54, moving within a day's range of ₹104.48 to ₹108.60 after opening slightly lower at ₹106.44.
The broader market exhibited mild weakness, with the Nifty falling 0.22%, while the Nifty Auto sector benchmark advanced 1.45%. Lemon Tree's modest positive gain reflects stock-specific buying interest that helped the counter decouple slightly from the broader market's slight downward drift, aided by sustained institutional and retail participation in the cash segment.
While no single same-day exchange filing explains today's price action directly, the move coincides with continued operational updates from the company, including the October 27 announcement of a license agreement for a 76-room property in Sirhind, Punjab, and an asset-light MOU signed with Omaxe Limited on October 16 to operate ~4,000 keys across multiple Indian destinations. These recent developments provide ongoing fundamental context for the company's aggressive expansion in tier-II and tier-III markets.
85.77 lakh shares traded by 28 October 2026 · 03:25 PM IST. This compares with a 20-day average daily volume of 46.67 lakh shares (1.84 times). The five-day average daily volume was 30.78 lakh shares. Separately, the NSE report for 27 October 2026 showed 40.21 lakh shares delivered, representing 56.47% of that day’s traded volume. The same report recorded 38,813 trades.
Lemon Tree Hotels shares advanced 0.95% on significantly higher-than-average volume, supported by recent announcements regarding hotel sign-ins and expansion in tier-II and tier-III cities.
Latest Company Developments
Lemon Tree Hotels announced the signing of a license agreement for Lemon Tree Hotel, Sirhind, to be managed by its wholly-owned subsidiary, Carnation Hotels Private Limited. The property will feature 76 well-appointed rooms alongside a restaurant, banquet hall, meeting rooms, a swimming pool, spa, and fitness centre. This addition brings the group's footprint in Punjab to four operational and ten upcoming hotels.
The signing expands the company's regional hospitality network in high-potential pilgrimage and transit destinations.
The company announced the signing of Keys Lite by Lemon Tree Hotels in Bhilwara, Rajasthan, through a license agreement to be managed by subsidiary Carnation Hotels Private Limited. The 63-room hotel will feature a restaurant, banquet facilities, meeting spaces, and a fitness centre. With this addition, the group's portfolio in Rajasthan reaches 14 operational and 10 upcoming hotels.
This reinforces the group's asset-light expansion strategy across key industrial and commercial hubs in Rajasthan.
Lemon Tree Hotels and its subsidiary Carnation Hotels Private Limited entered into a Memorandum of Understanding with Omaxe Limited to operate approximately 4,000 keys across multiple destinations including Lucknow, Vrindavan, Amritsar, and Noida. The hospitality sites will span transit hubs, pilgrimage centers, and commercial districts. This marks the company's largest single operating arrangement.
It significantly accelerates the group's asset-light growth strategy and expands its development pipeline toward nearly 16,000 keys.
a press release dated October 27, 2026, titled "The Company has signed a License Agreement viz. Lemon Tree Hotel, Sirhind".
a press release dated September 24, 2026, titled "LEMON TREE HOTELS EXPANDS MUMBAI FOOTPRINT; ACQUIRES LAND TO DEVELOP LEMON TREE PREMIER IN BANDRA (EAST), ADJOINING BANDRA KURLA COMPLEX, MUMBAI".
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 13.35% on 30 September 2026. This compares with 13.55% on 30 June 2026, a change of -0.20 percentage points.
The filing reported 25 MF/UTI holders.
What to Watch Next
- Execution progress on the recent MoU with Omaxe Limited to operate ~4,000 keys across transit and pilgrimage hubs
- Commercial launch and operational timelines for newly signed properties in Sirhind and Bhilwara
- Cash-market delivery trends and sustainability of higher-than-average trading volumes
- Upcoming quarterly financial results to gauge revenue realization from the asset-light expansion model
More Lemon Tree Hotels news and dated analysis →
Frequently Asked Questions
What is the latest Lemon Tree Hotels company news?
Lemon Tree Hotels announced the signing of a license agreement for Lemon Tree Hotel, Sirhind, to be managed by its wholly-owned subsidiary, Carnation Hotels Private Limited. The property will feature 76 well-appointed rooms alongside a restaurant, banquet hall, meeting rooms, a swimming pool, spa, and fitness centre. This addition brings the group's footprint in Punjab to four operational and ten upcoming hotels.
How strong was Lemon Tree Hotels’s trading volume?
85.77 lakh shares traded, 1.84 times the 20-day average daily volume. The price and volume data are dated 28 October 2026 · 03:25 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.