ITDC zooms 20% on heavy volumes

The stock hit 52-week high of Rs 630, rallied nearly 200% thus far in the calendar year 2017.

Shares of India Tourism Development Corporation (ITDC) is locked in upper circuit of 20% at Rs 630, also its fresh 52-week high on BSE on the back of heavy volumes.

Till 03:15 pm; a combined 1.72 million equity shares representing 2% of total equity of ITDC have changed hands. There were pending buy orders for 51,820 shares on the BSE and NSE.

According to PTI reports, the government is considering leasing ITDC hotels with management right to private companies as part of its efforts to monetise the properties owned the state-run firm. CLICK HERE TO READ