Buy Lemon Tree Hotels, target price Rs 155: HDFC Securities

HDFC Securities has issued a buy call for Lemon Tree Hotels Ltd., setting a target price of Rs 155. Despite a recent dip in occupancy rates, the hotel chain's revenue and EBITDA saw significant year-over-year growth. HDFC Securities predicts strong growth for Lemon Tree Hotels, citing the company's ambitious expansion plans and focus on asset-light growth.