AgenciesShares of Lemon Tree Hotels cracked over 3 per cent after over 5 per cent of the company’s equity changed hand in a block deal.
The scrip traded 3.58 per cent down at Rs 41.90 at around 9.45 am (IST), while the benchmark BSE Sensex was down 0.18 per cent at 46,806 at around the same time.
“Around 5.35 per cent of the equity of Lemon Tree Hotels changed hands via block deal,” ET NOW said.
Earlier, the scrip had scaled 52-week high of Rs 65.80 on December 27 last year and a 52-week low of Rs 13.80 on May 21.
Promoters held 31.05 per cent stake in the company as of September 30. On the other hand, mutual funds and foreign portfolio investors had 16.26 per cent and 18.50 per cent stake.
Earlier, the hotel-chain company reported a weak set of Q2FY21 numbers amid the ongoing pandemic environment. Lemon Tree posted a consolidated net loss of Rs 53.54 crore in Q2FY21 against a loss of Rs 3.01 crore for the corresponding quarter last year.
The scrip traded 3.58 per cent down at Rs 41.90 at around 9.45 am (IST), while the benchmark BSE Sensex was down 0.18 per cent at 46,806 at around the same time.
“Around 5.35 per cent of the equity of Lemon Tree Hotels changed hands via block deal,” ET NOW said.
Earlier, the scrip had scaled 52-week high of Rs 65.80 on December 27 last year and a 52-week low of Rs 13.80 on May 21.
Promoters held 31.05 per cent stake in the company as of September 30. On the other hand, mutual funds and foreign portfolio investors had 16.26 per cent and 18.50 per cent stake.
Earlier, the hotel-chain company reported a weak set of Q2FY21 numbers amid the ongoing pandemic environment. Lemon Tree posted a consolidated net loss of Rs 53.54 crore in Q2FY21 against a loss of Rs 3.01 crore for the corresponding quarter last year.
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