India's tourism-linked stocks gain on govt plan to promote tourism

Mahindra Holidays and Resorts India

01/02/2023 06:47

** India's tourism-linked stocks rise between 3.03% and
7.44%
    ** Shares of Indian Hotels Ltd  IHTL.NS  up as much as
7.44%, EIH Ltd  EIHO.NS , Lemon Tree Hotels Ltd  LEMO.NS  and
Mahindra Holidays and Resorts India Ltd  MAHH.NS  climb as much
as 7.21%, 3.92% and 3.03%, respectively
    ** Stocks gain as Indian finance minister announces "tourism
will be taken on a mission mode with active participation of
states, convergence of government programmes and public-private
partnerships" in the Union budget on Wednesday
    ** Finance Minister Nirmala Sitharaman adds "50 destinations
will be selected and developed as a complete package for
domestic and foreign tourists"
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))