India Tourism Development shares surged 16% during Thursday's trading session, touching a day's high of ₹736 per share on NSE on 10 September. According to reports from Live Mint, the stock opened at ₹629.65 apiece, matching the previous close from Wednesday. The significant rally came amid broader market optimism, with the BSE Sensex rising 68.06 points to 74,832.29 and the NSE Nifty 50 gaining 15.10 points to 23,446.60.
The stock rally was primarily driven by heavy trading volume of around 54.64 lakh shares during Thursday's session, as reported by Live Mint. The surge came ahead of the company's dividend record date of 15 September, when shareholders will be determined for the payment of dividend. In August, India Tourism Development announced a final dividend of ₹2.95 per share of face value ₹10, subject to board approval.
According to Live Mint reports, the company's Q1 FY2026-27 turnover rose 4% year-on-year and was 14% higher than the corresponding quarter of FY2024-25. Profit Before Tax (PBT) grew 11% from a year earlier and increased 41% compared with Q1 FY2024-25. The growth was attributed to strong performance across ITDC's diversified business verticals including hospitality, air ticketing, duty-free operations, consultancy and other services.
As reported by Live Mint, the market capitalisation of India Tourism Development stood at ₹6,119.65 crore as of 12:55 pm on Thursday. The stock has demonstrated positive momentum across multiple timeframes, gaining 9.50% in the past one week and 1.26% over one month. On a year-to-date basis, the stock has advanced 16.04%, while delivering stronger returns of 70.57% over three years and 7.88% over the past year.
