Stocks Surge, Plunge: Lemon Tree, IREDA Gain; Tejas Networks, Kernex Microsystems Tumble
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Moneycontrol12-01-2026, 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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