In her Union Budget 2025 speech, Finance Minister Nirmala Sitharaman announced the development of the top 50 tourist destinations in the country. The government will partner with states through a challenge mode and extend MUDRA loans for homestays.
A special focus will be placed on destinations related to Lord Buddha’s life and times, along with promoting medical tourism in collaboration with the private sector. Skill development programs and hospitality management institutes will further support growth in the sector.
The Finance Minister also revealed a modified UDAN scheme aimed at enhancing regional connectivity to 120 new destinations. This initiative is expected to carry 4 crore passengers over the next decade, further boosting India’s tourism potential.
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Following the announcement of policies to boost the tourism sector, shares of the following companies surged up to 8%:
India Tourism Development Corporation (ITDC)
On February 1, 2025, India Tourism Development Corporation Ltd. opened at ₹633.00, up 1.93% from its previous close of ₹621.00. The stock reached a high of ₹682.00 (8.24%) and a low of ₹616.00. By 4:00 PM, it traded at ₹672.15, an 8.24% increase, with a market cap of ₹5,764.99 crore.
India Tourism Development Corporation (ITDC) (NSE: ITDC) is a government-owned corporation involved in promoting tourism in India. It operates hotels, resorts, and provides tourism-related services. The company aims to enhance India’s tourism infrastructure and offer world-class facilities to travelers.
ITC Hotels
On February 1, 2025, ITC Hotels Ltd opened at ₹163.90, up 0.57% from its previous close of ₹164.65. The stock reached a high of ₹172.85 (4.71%) and a low of ₹161.05. By 4:00 PM, it traded at ₹172.40, a 4.71% increase, with a market cap of ₹35,879.39 crore.
ITC Hotels (NSE: ITCHOTELS) is a part of the ITC Limited group, offering a range of luxury hotels in India. The brand is known for its commitment to sustainable hospitality, with a focus on premium services, cuisine, and personalized guest experiences.
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Lemon Tree
On February 1, 2025, Lemon Tree Hotels Ltd opened at ₹137.00, up 0.66% from its previous close of ₹136.10. The stock reached a high of ₹143.40 (4.45%) and a low of ₹135.70. By 4:00 PM, it traded at ₹142.15, a 4.45% increase, with a market cap of ₹11,261.78 crore.
Lemon Tree Hotels (NSE: LEMONTREE) is a hotel chain offering value-for-money services. It caters to budget-conscious travelers with a wide range of mid-scale and economy hotels across India, focusing on quality service and affordable luxury.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
