India, Jan. 12 -- This Hospitality Stock, engaged in owning, leasing, operating, and franchising hotels across upscale to economy segments, offering branded hospitality services in India and select international markets, jumped 4.14 percent after the company announced a major restructuring plan.

With a market capitalization of Rs. 12,168.91 crores, the share of Lemon Tree Hotels Limited has reached an intraday high of Rs. 155.90 per equity share, rising nearly 4.14 percent from its previous day's close price of Rs. 149.70. Since then, the stock has retreated and is currently trading at Rs. 153.60 per equity share.

Reason Behind the Surge Lemon Tree Hotels Limited has announced a major restructuring plan to unlock value and raise funds ...