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ITDC gains on signing MoU with Tourism Corporation of Gujarat

19 Feb 2020 Evaluate

India Tourism Development Corporation is currently trading at Rs. 303.80, up by 8.75 points or 2.97% from its previous closing of Rs. 295.05 on the BSE.

The scrip opened at Rs. 298.30 and has touched a high and low of Rs. 311.00 and Rs. 298.00 respectively. So far 12425 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 419.30 on 20-Nov-2019 and a 52 week low of Rs. 152.15 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 330.75 and Rs. 293.70 respectively. The current market cap of the company is Rs. 2598.81 crore.

The promoters holding in the company stood at 87.03%, while Institutions and Non-Institutions held 2.91% and 10.06% respectively.

India Tourism Development Corporation (ITDC) has signed an a memorandum of understanding (MoU) with Tourism Corporation of Gujarat (TCGL) for providing consultancy services for innovative/decorative lighting and illumination of important monuments and sound and light show at important places in Gujarat.

ITDC has been the prime mover in the progressive development, promotion and expansion of tourism in the country. The company is running hotels, restaurants at various places for tourists, besides providing transport facilities.

Peers
Company Name CMP
The Indian Hotels Co 717.75
ITC Hotels 153.75
Mahindra Holi.&Resor 196.75
EIH 286.55
Chalet Hotels 876.35
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