Macquarie expects shares of this hotel stock to jump 56% citing multiple growth triggers

The brokerage has an “outperform” rating on the stock with a price target of ₹210 per share. The stock ended the previous trade session at ₹134.3 apiece.

Macquarie said Lemon Tree has many levers of growth including an improvement in performance post the completion of renovation across its properties, a growing pipeline of orders,…