Bengaluru, March 10 -- The shares of a Hospitality company, specializing in offering budget-friendly and mid-scale hotel accommodations, jumped upto 2 percent upon signing two license agreements for hotels in Madhya Pradesh.

Price action

With a market capitalization of Rs. 10,235.82 crores on Monday, the shares of Lemon Tree Hotels Limited jumped upto 2 percent, making a high of Rs. 131.85 per share compared to its previous closing price of Rs. 129.05 per share.

What Happened

Lemon Tree Hotels Limited, engaged in offering budget-friendly and mid-scale hotel accommodations, has signed two new properties in Madhya Pradesh, named Keys Lite by Lemon Tree Hotels, Niman, and Keys Lite by Lemon Tree Hotels, Garoth and the both properties wil...