ITDC, a mini ratna public sector undertaking under the aegis of the Ministry of Tourism clocked profit after tax of Rs 18 crore for the quarter ended June, up 62% year on year. ITDC saw the highest-ever turnover and profit in comparison with the first quarter of the past six years.

ITDC clocks profit of Rs 18 crore in quarter ended June, turnover at Rs 122 cr

The total turnover for the fiscal year 2022-23 stood at Rs 476.13 crore for ITDC, representing an increase of over 56% compared to the previous year.

ITDC registers highest ever financial performance in FY 2022-23

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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

Hasn't fared 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

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Showing good signs of profitability & efficiency

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The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

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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.