A 4km walk west of the lake brings you to Tiffin Top (2292m), also called Dorothy’s Seat. From here it’s a lovely 30-minute walk to Land’s End (2118m) through a forest of oak, deodar and pine. Mangy horses gather 3km west of town on the road to Ramnagar to take you on rides to these spots.
A two-hour ride costs about ₹700, but you can take shorter rides (eg Tiffin Top for ₹600), and you can always negotiate. Touts for these rides will no doubt accost you in Mallital near the ropeway.