Multibagger Lemon Tree Hotels stock price up 550 percent in two years. Icici securities raise price target – News18 Hindi

Multibagger Stocks: When money is invested in stocks with strong fundamentals and a little patience is exercised, the odds of winning increase exponentially. Many strong stocks also piled up during the Corona period. However, with the end of the pandemic, these stocks have regained momentum. This also includes the share of Lemon Tree Hotels. Over the past two years, this multibagger stock has returned investors 550 percent. Also on Monday, the stock on the BSE closed at 93.85 rupees, up 1.24 percent.

money control According to a report, shares of Lemon Tree Hotels had fallen to Rs. 14.45 on May 20, 2020, in the first wave of the corona epidemic. After that, when the situation normalized and the tourism industry got back on track, Lemon Tree Hotels stock also started to recover. The stock’s 52-week high is 103 rupees and the 52-week low is 58.30 rupees.

Multibagger stock: money doubles in a month, further growth expected, veteran investor bought 2.5 crore shares

The March quarter was the best quarter
January-March 2023 was the best quarter ever for Lemon Tree Hotels. Based on the entire 2023 financial year, the company achieved more sales and EBITDA than planned. In the period 2022-23, the company achieved revenue of Rs. 880 crore and EBITDA of Rs. 450 crore. According to brokerage firm ICICI Securities, fiscal 2023 was the year of recovery. Now, as we talk about the current 2024 fiscal year, the focus will be on the company’s expansion plan, deleveraging strategy, and demand and supply.

The money has increased sixfold in two years
Lemon Tree Hotels shares have made investors rich in two years. If an investor invested Rs 100,000 in this stock two years ago and kept his investment, the value of his investment today is Rs 649,480.

increased price target
Following the results of the March quarter, brokerage firm ICICI Securities raised the price target on Lemon Tree Hotels’ stock from Rs.132 to Rs.137 (Lemon Tree Hotels’ target price). According to the brokerage firm, demand could grow at a 10 percent CAGR between fiscal 2023 and fiscal 2027. The company plans to reduce debt starting in fiscal 2025. For all these reasons, the broker has maintained its buy rating.

(Disclaimer: The stocks mentioned here are based on advice from brokerage houses. If you are interested in investing in these stocks, please consult a certified investment adviser first. News18 is not responsible for your gain or loss of any kind. Will happen.)

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