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Shares of Lemon Tree Hotels Ltd surged 5.36% on Monday to ₹136.71 after tensions between India and Pakistan eased over the weekend, boosting overall sentiment in the tourism and hospitality sector. The stock had previously closed at ₹129.75 and reached an intraday high of ₹138.
The rally comes as the Indian Air Force lifted NOTAM (Notice to Airmen) restrictions, reopening 32 airports near the border that were shut during the recent cross-border military standoff. This reopening is seen as a key signal for the revival of air travel and hospitality demand.
Tourism-linked stocks, including airlines, hotel chains, and travel platforms, gained sharply in Monday’s trade. The Nifty India Tourism Index was up nearly 4%, reflecting sector-wide optimism.
Lemon Tree, which saw pressure last week amid cancelled bookings and reduced air travel, is now trading with renewed momentum. The stock has a market capitalization of ₹108.64 billion and recorded a volume of over 2.6 million shares by late morning.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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