LEMONTREE

Hotels shares climb 4% as board okays restructuring; Fleur to list within 12-15 months

Lemon Tree Hotels Business Restructuring: Lemon Tree Hotels shares today (January 12) jumped more than 4 per cent following the announcement of business restricting plan. Lemon Tree shares opened gap up at Rs 154.90 on NSE and hit a high of Rs 155.99 in early morning deals. Around 10:30 AM, Lemon Tree shares traded firmly in the green to quote 3.30 per cent higher at Rs 154.60 with nearly 70 lakh equities changing hands. Lemon Tree shares today gained after two-day consecutive fall. The stock is currently trading higher than 5-day moving averages but lower than 20-day, 50-day, 100-day and 200-day moving averages.