Hey All,
Lets get back to the Stock Market 101 series and this time, I am going to talk about a new stock which goes by the name Lemon Tree Hotels Ltd; ticker:: LEMONTREE. Before I get any further a disclaimer here that I have been holding this stock for quite a while and whenever there was a sharp decline in the price of the stocks, I was averaging it out meaning buying more stocks. Its obvious that I would have done my research before investing in this hospitality business stock and lets dive into those reasons as to why I started accumulating stock LEMONTREE...
My first reason to buying LEMONTREE is associated to the space it belongs to i.e. the hospitality business. The company is the leader in the upper midscale to economy segment and operates a network of 100+ hotels with close to 9.6K+ beds. The hotels of the company is spread across India and cover major cities like:: Delhi, Mumbai, Kolkata, Hyderabad, Chennai, Pune, Ahmedabad, Chandigarh, Jaipur, Kochi, Ludhiana and many more.
My second reason was the price of the stock when compared to its peers. Indian Hotels Co, Mahindra Holiday, Juniper Hotels, EIH Ltd and other where trading around Rs.350 to Rs.400 and I was looking for a stock within a range of Rs.150 and hence LEMONTREE was the best option here which had a marketcap of Rs.12K+ Cr. And the finally reason of buying this stock was around the DIIs [Domestic Institutional Investors] picking up this stock. A 3% increase in DIIs holding when compared to last quarter of Jun 2024 & Sep 2024.
Ok now here is my overall holding of stock LEMONTREE which is 500. I sold close to 150 Yesterday and 100 today and have started booking profits here as my profit is above 20% now. I have made a clear plan any stock in my portfolio which crosses a profit of above 20% I will simply start booking profits and invest in other stock where I have a loss and will average out that stock. Its that simple. So far this strategy seems working well for me and I have made decent profits. Coming back to LEMONTREE stock, I plan to sell all the stocks in coming days. You can see my average buy price was around Rs.128 and selling at Rs.155 and above is somewhat good in its way. I still have a unrealized profit of Rs.13K+ and if I can make it to Rs.15K+ I will be more than happy and call it the end of the stock LEMONTREE for me and will move on saying goodbye to it. Well that should be it for todays post on the Stock Market 101:: Started Booking Profit Lemon Tree Hotels Ltd; ticker:: LEMONTREE with real time examples. I will be sharing more of these examples and insights in the upcoming posts to help you navigate the market more confidently. Stay tuned for more tips on making informed decisions and maximizing your returns.. Happy Investing... cheers
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Do you invest in India Stock Markets? What are the different criteria you look into before picking a quality stock? Are you invested in the Stock Market Lemon Tree Hotels Ltd; ticker:: LEMONTREE... Short term Vs Long Term? Please let me know your views in the comment section below...cheers
Image Credits:: screener, pro canva, sharekhan, zerodha
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain, Stocks & Cryptos and have been investing in many emerging projects.
