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Buy Lemon Tree Hotels: target of Rs 151: ICICI Securities

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ICICI Securities maintained a Buy rating on Lemon Tree Hotels with a target price of Rs 151. The report cites healthy Q2FY27 revenue of INR 3.6bn and a 22% EBITDA growth. The company is proceeding with a demerger to split into a pure-play hotel brand and Fleur Hotels.

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