Shares of India Tourism Development Corporation Ltd (ITDC) hit the 20% upper circuit at INR 653.55 on the BSE in Tuesday’s intra-day trade amid strong volumes. By 2:56 PM, around 2.9 million shares, accounting for 26% of ITDC’s free-float equity, had changed hands on the NSE and BSE. Pending buy orders stood at nearly 2.5 lakh shares, exchange data showed.
Ownership and Operations
As of June 30, 2025, the Government of India held an 87.03% stake in ITDC, while Indian Hotels Company Ltd (IHCL), part of the Tata Group, owned 7.87%. ITDC manages hotels and restaurants across tourist hubs, offers transport facilities, consultancy services, duty-free outlets, and training through the Ashok Institute of Hospitality & Tourism Management.
Sector Outlook
In its FY25 annual report, ITDC highlighted opportunities in wedding tourism, MICE (Meetings, Incentives, Conferences & Exhibitions), medical value tourism, and cultural events. With India’s domestic tourism seeing strong demand, ITDC aims to leverage government initiatives like Wed in India, Meet in India, and Heal in India to expand its role in the country’s tourism infrastructure.
Meanwhile, Taj GVK Hotels & Resorts, a JV between the GVK Group and IHCL, will hold a board meeting on September 9, 2025, to consider urgent business matters. IHCL holds 25.52% of Taj GVK’s promoter stake of 74.99%.
