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Stocks and equity futures from Japan to the US tumbled, extending their historic first-half rout, while every Group-of-10 currency fell against havens, the dollar and the yen. Commodities retreated while global bonds continued their late-June rally.

A total of 5,828 shares changed hands on the counter till 11:47AM (IST).

Promoters held 27.5 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 15.54 per cent and 5.98 per cent, respectively.

Gold futures on MCX were trading sharply higher, gaining 0.72 per cent or Rs 362 at Rs 50,879 per 10 grams. However, silver futures traded lower, down by 0.71 per cent or Rs 42 at Rs 58,467 per kg.

Lemon Tree Hotels Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 4793.09 Crore) operating in Tourism & Hospitality sector.

“We see an opportunity to create a Rs 25,000-30,000 crore company and we will get there; the question is how fast can we get there and how can we get there while being very prudent about the capital we have raised and get the profitability? That is what we are going to try.”

“Forget about the absolute level, the absolute level may ultimately settle at 75 and after all this is over, we may strengthen again because the dollar weakens. But if the price of oil goes to $170 a barrel, maybe we will go all the way to Rs 90 to the dollar. It depends on what the external situation is. There should be no fixed targets.”

As of 31-Mar-2022, promoters held 51.32 per cent stake in the company, while FIIs held 16.35 per cent and domestic institutional investors had 4.04 per cent.

The BSE Sensex tanked over 900 points while the Nifty50 slipped below 15,600 within the first two hours of trading. Five stocks on BSE fell for every four that rose. Here are a few reasons for the fall in key indices.

According to the sources, crude oil producers made a windfall profit of $45-47 per barrel because of elevated crude oil prices in the international markets and domestic producers were selling the same at parity.