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  Lemon Tree Hotels shares near all-time high after record numbers in March quarter Shares of Lemon Tree Hotels gained more than 3 percent on Wednesday after the hospitality company reported a record March quarter with all parameters at an all-time high. The company also returned to profitability in the March quarter, reporting a net profit of Rs 59 crore, compared to a net loss of Rs 39 crore during the same period last year. Revenue for the quarter more than doubled to Rs 252 crore, compared to Rs 119 crore in the base quarter, while operating profit, or EBITDA increased to Rs 140 crore from Rs 21 crore last year. The management had guided for revenue to double and operating profit to grow by more than 50 percent, which it has managed to surpass on both parameters. EBITDA margin for the quarter rose to 55.4 percent from 18.1 percent during the year-ago quarter. Average revenue per user is now higher by 29 percent from pre-Covid levels to Rs 5,824. When compared with the December quar

Three promoters offloaded shares worth Rs 467.83 crore worth in power transmission and infrastructure EPC company Kalpataru Power Transmission via open market transactions on May 30. Kalptaru Constructions sold 10 lakh shares in  Kalpataru Power  at an average price of Rs 485.13 per share, Parag Mofatraj Munot offloaded 73.24 lakh shares at a price of Rs 485.75 per share, and Kalpataru Viniyog LLP sold 13.1 lakh shares at an average price of Rs 485.06 per share, as per bulk deals available with the exchanges. Promoters held 47.24 percent stake or 7.67 crore shares in the company as of March 2023. However, ICICI Prudential Mutual Fund through its ICICI Prudential Equity & Debt Fund bought additional 14.95 lakh shares in Kalpataru at an average price of Rs 485 per share. ICICI Prudential Value Discovery Fund held 7.96 percent stake or 1.29 crore shares in the company as of March 2023. Kalpataru Power Transmission share price gained 3 percent to close at Rs 522.70 on the BSE. Among ot

Dividend, rights issue stocks today, May 30    A total of five stocks — ITC, Vedanta, Rallis India, Shree Rama and Multi-Tech traded ex-date on Tuesday, May 30,  ITC dividend record date 2023 - ITC has announced a dividend Rs 6.75 per share and a special dividend of Rs 2.75 per share with a face value of Re 1. The stock traded ex-dividend on May 30. The record date is also May 30. Vedanta dividend ex date - Vedanta has announced an interim dividend of Rs 18.50 per equity share with a face value of Re 1. The stock traded ex-dividend on May 30. The record date is also May 30. Rallis India dividend 2023 record date - Rallis India has announced a dividend of Rs 2.5 per equity share with a face value of Re 1. The stock traded ex-dividend on May 30. Shree Rama Multi-Tech rights issue - Shree Rama Multi-Tech has issued rights shares of Rs 5 in the ratio of 11:10 @ premium of Rs 4 on May 30. Praxis Home Retail rights issue - Praxis Home Retail has issued rights shares of Rs 5 in the ratio of 1