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Hotels stocks rally up to 10% on Budget booster to tourism; which stocks to buy? - Vimarsana News

Hotels stocks rally up to 10% on Budget booster to tourism; which stocks to buy?

Shares of hotel companies and travel solutions providers surged after the government announced measures in the Interim Budget for FY25 to boost leisure and spiritual tourism. The tourism industry received an allocation of Rs 2,449 crore to develop India as a hub for business and conference tourism. The government also proposed interest-free loans to states for the development of iconic tourist destinations.

ITDC reports turnover of Rs 246.6 crore in H1 2023-24, PAT at Rs 37.42 crore - Vimarsana News

ITDC reports turnover of Rs 246.6 crore in H1 2023-24, PAT at Rs 37.42 crore

ITDC's profit after tax during the first half of this fiscal stood at Rs 37.42 crore compared to the Rs 23.29 crore in the first half of the last financial year. As against quarter one, the turnover and the profit after tax in quarter two also grew by 11% and 10% respectively.