Lemon Tree Hotels (LMNT) (CMP: Rs 43 Market cap: Rs 3,375 crore) posted slightly lower-than-expected Q3 results, mainly driven by pressure on average daily rates due to higher share of the retail segment. Occupancies continued to improve on a quarter-on-quarter basis and the trend is expected to continue, which would eventually lead to improved pricing as well. FY22 is expected to see a strong recovery with normalcy likely towards end of FY23. With the stock price ~30 percent below...
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