Stocks Surge, Plunge: Lemon Tree, IREDA Gain; Tejas Networks, Kernex Microsystems Tumble

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Moneycontrol•12-01-2026, 16:20
Stocks Surge, Plunge: Lemon Tree, IREDA Gain; Tejas Networks, Kernex Microsystems Tumble
- •Lemon Tree Hotels jumped on a ₹960 crore investment by Warburg Pincus in Fleur Hotels and a restructuring plan.
- •IREDA's shares climbed after a 37.6% year-on-year profit increase to ₹585.2 crore in Q3 FY25.
- •Manappuram Finance surged as it debunked reports of RBI objection to a Bain Capital-linked deal.
- •Vedanta gained after its restructuring plan received NCLT approval.
- •Tejas Networks plummeted 12.53% intraday due to a fourth consecutive quarterly loss of ₹196.55 crore.
Why It Matters: Key stocks saw significant movements this week, driven by financial results, restructuring, and market news.
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