ITDC soars almost 37% in two sessions

India Tourism Development Corporation rose 13.64% to Rs 513.25 at 14:33 IST on BSE, extending yesterday's sharp gains.

Meanwhile, the S&P BSE Sensex was down 442.10 points, or 1.31% to 33,243.44.

On the BSE, 2.27 lakh shares were traded in the counter so far compared with average daily volumes of 5,931 shares in the past two weeks. The stock had hit a high of Rs 528.40 and a low of Rs 475 so far during the day. The stock hit a 52-week high of Rs 745.80 on 24 April 2017. The stock hit a 52-week low of Rs 371 on 15 March 2018.

Shares of India Tourism Development Corporation (ITDC) surged 20% to end at Rs 450.30 yesterday, 15 March 2018. The stock is up 36.78% in two trading sessions to its current market price of Rs 513.25, from a close of Rs 375.25 on 14 March 2018.

Net profit of ITDC rose 54.50% to Rs 13.38 crore on 0.56% decline in net sales to Rs 102.14 crore in Q3 December 2017 over Q3 December 2016.

ITDC is a prime mover in the progressive development, promotion and expansion of tourism in the country. Presently, ITDC has a network of eight Ashok Group of hotels, five joint venture hotels, 1 restaurant, 11 transport units, 9 duty free shop at airport and seaports and two sound & light shows.

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