Mixed trend in hospitality and tourism stocks after FTA data for March
Shares of three hospitality and two tourism companies were mixed on BSE after Minister of Tourism said that Foreign Tourist Arrivals rose 5.3% to 7.30 lakh in March 2015 over March 2014.
Meanwhile, the BSE Sensex was down 88.74 points, or 0.31%, to 28,796.47
Among hotel stocks, Hotel Leela Ventures (up 5.85%) and EIH (up 0.18%) rose. Indian Hotels fell 2.58%.
Among tourism stocks, Thomas Cook (India) gained 3.07%. Cox & Kings fell 0.44%.
Ministry of Tourism today, 10 April 2015 said that Foreign Exchange Earnings (FEEs) rose 2.9% to Rs 10451 crore in March 2015 over March 2014. FEEs in $ terms rose 0.7% to $1.674 billion in March 2015 over March 2014.
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