Latest news with #NiftyIndiaTourismIndex
Business Upturn
12-05-2025
- Business
- Business Upturn
Why are Easy Trip Planners share price up 5% today? Know More
By Aditya Bhagchandani Published on May 12, 2025, 10:36 IST Shares of Easy Trip Planners Ltd (EaseMyTrip) surged 5.61% to ₹12.42 on Monday after India-Pakistan tensions eased over the weekend and the Indian Air Force lifted airspace restrictions. The stock had previously closed at ₹11.76 and touched an intraday high of ₹12.52. The upward movement came as commercial operations resumed at 32 airports near the India-Pakistan border. These airports, including Leh, Srinagar, and Dharamshala, had been closed last week amid heightened military activity. The Indian Air Force cancelled its NOTAM (Notice to Airmen), leading to a sector-wide rally in tourism and aviation-related stocks. Brokerage B&K Securities reported that over 430 flights were cancelled during the escalation. With the ceasefire in place and operations restarting, the sentiment around tourism stocks has sharply improved. Alongside Easy Trip, stocks like Ixigo, IRCTC, and IndiGo also gained. The Nifty India Tourism Index was up nearly 4% in Monday's session, with Easy Trip among the top movers. The stock currently holds a market cap of ₹22.02 billion and trades at a P/E ratio of 57.57. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
12-05-2025
- Business
- Business Upturn
Ixigo share price rise nearly 4% as airspace reopens after India-Pakistan tensions ease
By Aditya Bhagchandani Published on May 12, 2025, 10:36 IST Shares of Le Travenues Technology Ltd, the parent company of travel platform Ixigo, surged 3.86% to ₹157.85 on Monday, following easing tensions between India and Pakistan. The stock had previously closed at ₹151.98 and touched an intraday high of ₹158.96. The rise comes as travel and tourism-linked stocks rallied across the board after a temporary closure of 32 airports near the India-Pakistan border was lifted. The Indian Air Force reportedly cancelled the NOTAM (Notice to Airmen), allowing commercial operations to gradually resume. Ixigo, which had seen pressure last week amid mass flight cancellations and airspace restrictions, recovered along with other ticketing platforms like IRCTC and EasyTrip. Over 430 flights were reportedly cancelled during the escalation, according to B&K Securities. With normalized air traffic and improved sentiment in the tourism sector, the Nifty India Tourism Index also gained over 4% in Monday's trade. Ixigo now holds a market cap of ₹61.59 billion and continues to trade with high investor interest, averaging over 5 lakh shares in daily volume. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
12-05-2025
- Business
- Business Upturn
India's 32 airports set to resume operations as NOTAMs cancelled: Report
By Aditya Bhagchandani Published on May 12, 2025, 10:57 IST In a major relief for the aviation and tourism sector, airport officials have informed CNBC-TV18 that the Notice to Airmen (NOTAMs) ordering the closure of 32 airports near the India-Pakistan border will be cancelled shortly. New NOTAMs will be issued to facilitate the reopening of these airports, which were shut amid rising military tensions last week. While the move marks a return to normalcy, airlines may take some time to resume operations, as passengers must be informed in advance, officials said. The announcement triggered strong buying across travel and tourism-linked stocks on Monday. Shares of Easy Trip Planners jumped over 5.6%, Ixigo gained nearly 4%, and Lemon Tree Hotels rose 5.3%. The Nifty India Tourism Index was also up over 4% intraday. The easing of border tensions and restoration of airspace is expected to help the sector recover from last week's disruptions, during which over 430 flights were reportedly cancelled. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
12-05-2025
- Business
- Business Upturn
Lemon Tree Hotels shares jump over 5% after India-Pakistan tensions ease
By Aditya Bhagchandani Published on May 12, 2025, 10:39 IST Shares of Lemon Tree Hotels Ltd surged 5.36% on Monday to ₹136.71 after tensions between India and Pakistan eased over the weekend, boosting overall sentiment in the tourism and hospitality sector. The stock had previously closed at ₹129.75 and reached an intraday high of ₹138. The rally comes as the Indian Air Force lifted NOTAM (Notice to Airmen) restrictions, reopening 32 airports near the border that were shut during the recent cross-border military standoff. This reopening is seen as a key signal for the revival of air travel and hospitality demand. Tourism-linked stocks, including airlines, hotel chains, and travel platforms, gained sharply in Monday's trade. The Nifty India Tourism Index was up nearly 4%, reflecting sector-wide optimism. Lemon Tree, which saw pressure last week amid cancelled bookings and reduced air travel, is now trading with renewed momentum. The stock has a market capitalization of ₹108.64 billion and recorded a volume of over 2.6 million shares by late morning. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
