Market Movers: Lemon Tree, Supreme Petrochem and Inox Leisure were the top gainers in Group A today!

Lemon Tree, Supreme Petrochem and Inox Leisure witnessed positive action in today’s session logging their 52-week high.

After a weak start, indices show recovery with the benchmark indices- BSE Sensex closing at 57593.49 up 231 points or 0.4% while Nifty 50 closed at 17222 up 70 points or 0.40 per cent.   

   Among the sectoral indices Metal, Oil & Gas and Power continued to trade higher while IT and pharma witnessed weakness. BSE Midcap closed lower at23695.92 and Smallcap was down at 27653.23. 

Lemon Tree, Supreme Petrochem and Inox Leisure witnessed positive action in today’s session logging their 52-week high. 

  Lemon Tree Hotels zoomed 12.99 per cent in today’s session to emerge as the biggest gainer in ‘A‘ Group. Lemon Tree is among India’s largest hotel chain that operates in the mid-price segment. Today, the stock logged an intraday high and low of Rs 69.05 and Rs 62.10, respectively and closed at Rs 67.85. It also logged its fresh 52-week high at today’s intra- day high breaching its previous 52-week high of Rs 61.80 logged on Friday. 

Supreme Petrochem rallied 12.73 per cent in today’s session and closed at Rs 1012.40. The stock has logged its 52-week high in today’s session at Rs 1027.05. SPL is the leader in the Polystyrene business in the Indian market with a share of more than 50 per cent and also the largest exporter of PS from India, exporting to over 80 countries around the globe. The company's board had approved Phase II expansion of its expandable polystyrene (EPS) plant at Nagothane by 30,000 MTA while setting of second-line of Extruded Polystyrene Board (XPS) with the capacity of 1,00,000 M3 and increasing the Masterbatch and Compounds capacity by 50,000 MTA.

Inox Leisure soared 11.33 per cent in today’s session. Today, the stock made a strong opening, up at 20 per cent upper circuit on the back of its merger with PVR and logged an intraday high at Rs 563.60 at the opening trade. Later, it witnessed some profit booking and closed at Rs 522.90 per share. The merger of the two biggest multiplex brands is expected to deliver an unparalleled consumer experience with a network of more than 1,500 screens, in response to an alarming rise of the OTT platforms.