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Hotels Stocks trades in red despite announcement to create 5 tourist circuits with 500 crore corpus

10 Jul 2014 Evaluate

Finance Minister Arun Jaitley's announcement to create 5 tourist circuits with 500 crore corpus has failed to move up hotel stocks. FM has also said that e-Visas will be allowed in 9 airports

Hotel Leela Venture is currently trading at Rs. 24.90, down by 0.75 points or 2.92% from its previous closing of Rs. 25.65 on the BSE. The scrip opened at Rs 26.00 and has touched a high and low of Rs 26.35 and Rs 24.60 respectively. So far 90080 shares were traded on the counter.

The Indian Hotels Company is currently trading at Rs 106.05, down by 1.10 points or 1.03% from its previous closing of Rs 107.15 on the BSE. The scrip opened at Rs. 106.00 and has touched a high and low of Rs. 108.00 and Rs. 103.50 respectively. So far 57283 shares were traded on the counter.

Mahindra Holidays & Resorts India is currently trading at Rs 308.00, down by 1.00 points or 0.32% from its previous closing of Rs. 309.00 on the BSE. The scrip opened at Rs. 309.00 and has touched a high and low of Rs. 314.90 and Rs. 302.70 respectively. So far 14960 shares were traded on the counter.

 

Peers
Company Name CMP
The Indian Hotels Co 739.95
ITC Hotels 158.95
Mahindra Holi.&Resor 201.25
EIH 303.60
Chalet Hotels 875.25
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