ITDC hits fresh 52-week high; stock zooms over 50% in seven trading days

The stock hit 52-week high of Rs 422 in intra-day trade, rallied 59% in past seven trading days.

India Tourism Development Corporation (ITDC) hit its 52-week high of Rs 422, up 20% on the BSE in intra-day trade extending its past six days rally in an otherwise weak market.

The stock of state-owned company surged 59% in past seven trading days from Rs 266 on February 2, as compared to 0.21% rise in the S&P BSE Sensex.

In past one-and-half months, since December 28, it appreciated 138% from Rs 177 after the company informed BSE that the listing of equity shares of ITDC shall be listed and admitted to dealings on the National Stock Exchange (NSE)