Shares of Lemon Tree Hotels Ltd have fallen 37% from their highs. That said, the hotel’s expansion would lead to higher depreciation and interest costs (also because of accounting change impact for leased assets) in the near term. The Lemon Tree stock has been hammered due to near-term external adversities, such as impact of the coronavirus on global travel and that of the domestic slowdown on business travel. In this context, Lemon Tree Hotels seems to be just at the threshold of churning out revenue and profit in the post-expansion stage. Share ViaTopics Lemon Tree

Source: Mint February 16, 2020 14:48 UTC