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The stock traded at a P/E multiple of 69.91, while the price-to-book value ratio stood at 7.87.

In Japan, Daikin Industries jumped 3.96% as the air-conditioning systems maker lifted its outlook, while West Japan Railway rose 3.47% after posting a quarterly operating profit.

"It means institutional investors are looking at bitcoin like any other asset," he said. "When the market turns - and it will turn - these institutions will come back and invest in crypto."Gains were not limited to bitcoin, as the value of the global cryptocurrency market crept back above $1.15 trillion last month, adding over $255 billion since the end of June, CoinGecko data showed.

The stock quoted a 52-week high of Rs 754.1 and a 52-week low of Rs 554.1.

Lemon Tree Hotels Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 5236.75 Crore) operating in Tourism & Hospitality sector.

The stock rose more than 4 per cent in a week and over 10 per cent in a month. The recent price action helped the stock to climb above the 50-DMA in the last week of July. The moving average is now acting as crucial support for the stock.

A total of 540,490 shares changed hands on the counter till 02:10PM (IST).

“It was really good after the IPO. It almost felt like what Sachin Tendulkar would have felt when he was walking out to bat. People started cheering expecting that you will do something good and really great. In ten days something changed, something flipped. I have no idea what happened but the narrative shifted and we became evil.”

"This further showcases the rise of domestic investors and the huge counterbalancing role they have played to foreign investors. To also put this in perspective, as on March 31, 2015, FPI share was 23.30 per cent while the combined share of DII, retail and HNI was just 18.47 per cent," said Pranav Haldea, Managing Director at PRIME Database Group

As of 30-Jun-2022, promoters held 50.0 per cent stake in the company, while FIIs held 34.83 per cent and domestic institutional investors had 2.71 per cent.