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Stocks that will see action on February 7, 2023

The India Tourism Development Corporation has signed a pact with the Ministry of Ayush for promotion of medical tourism in the field of Ayurveda and other traditional systems of medicine.

ITDC signs pact with Ministry of Ayush for promoting medical tourism

The India Tourism Development Corporation has signed a pact with the Ministry of Ayush for promotion of medical tourism in the field of Ayurveda and other traditional systems of medicine. Under the agreement, the ITDC will promote “Heal in India - Medical Value Travel in Ayurveda, Yoga and other Ind…

ITDC inks pact with Ayush ministry for promoting medical tourism

According to the MoU, Ayush ministry will provide training to the officials of ITDC to sensitize them about the Medical Value Travel in Ayurveda and other traditional systems of medicine

Ayush ministry signs MoU with ITDC to promote Medical Value Travel in India

Rao, a 1990 batch IAS officer from Kerala cadre, was previously the managing director of the Indian Tourism Development Corporation

Ex-ITDC MD G Kamala Vardhana Rao takes charge as CEO of FSSAI

The ITDC Ashok Beach Resort was instrumental in catapulting the unknown fishermen’s village in south

The first five-star beach resort in Kerala that stood the test of time turns 50

The government has fixed an indicative value for Delhi’s iconic ‘The Ashok’ hotel at Rs 7,409 crore under the national monetisation programme.

The Ashok hotel valued at Rs 7,409 crore; ITDC freezes in 20% upper circuit

Among the broad-based indices, BSE SmallCap dropped 74 points to 62,197.70 with ITDC, Religare, Finolex Industries amongst the gainers on the index.

Markets open with volatility, lose to halt 3-day gain in morning trade

During late trading hours, shares of ITDC were trading 20 percent high at Rs 404.60 apiece on BSE and Rs 404.55 apiece on NSE.

ITDC hits upper circuit after govt fixes Rs 7,409 crore indicative value for ‘The Ashok’ hotel

The Ashok and the adjacent hotel Samrat are among the eight India Tourism Development Corp assets listed under the National Monetisation Pipeline (NMP)

Govt fixes ₹7,409 cr indicative value for ‘The Ashok’ hotel under NMP: Report

The Ashok is among the eight ITDC assets listed under the National Monetisation Pipeline announced by Finance Minister Nirmala Sitharaman last year

Govt fixes ₹7,409 crore indicative value for ‘The Ashok’ hotel

Hasn't faired well - amongst the low performers

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Seems to be overvalued vs the market average

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Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

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Good time to consider, stock is not in the overbought zone

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India Tourism Development Corporation Limited operates hotels, and tours and travels. It operates various divisions - Hotels, Ashok Events, Ashok Travels and Tours Division and Ashok Institute of Hospitality & Tourism Management.