Lemon Tree Hotels is the first hospitality firm to enter the segment
The stock rallied 7% to Rs 89.80, extending its past two days 23% surge on BSE, after the company said its arm signed three management contracts in the state of Uttarakhand
The impressive performance was despite a lukewarm response to the hospitality chain's Rs 10-billion initial public offering
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We are delighted to bring the Lemon Tree brand to Patna and Alwar: Deputy Managing Director
The company has 40 hotels with 4,300 rooms in 24 cities across the country