Bengaluru, Feb. 19 -- The shares of a Hospitality company, specializing in offering budget-friendly and mid-scale hotel accommodations jumped upto 6 percent upon signing a License Agreement viz. Red Fox by Lemon Tree Hotels for property in Bhopal.

Price action

With a market capitalization of Rs. 10,374.47 crores on Wednesday, the shares of Lemon Tree Hotels Limited jumped upto 5.6 percent making a high of Rs. 131.70 per share compared to its previous closing price of Rs. 124.10 per share.

What Happened

Lemon Tree Hotels Limited engaged in offering budget-friendly and mid-scale hotel accommodations, has signed a license agreement for a new property under its arm, Red Fox by Lemon Tree Hotels, in Bhopal, Madhya Pradesh.

The property sh...