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ITDC zooms 20% on heavy volumes

SI Reporter/Mumbai 21 Apr 17 | 03:23 PM
 ITD Cementation India Ltd

BSE   25 May 18 | 12:00 AM

156.70  -0.05 (-0.03%)

NSE   25 May 18 | 12:00 AM

156.10  -0.7 (-0.45%)

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.

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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.

Thus far in the calendar year 2017, the stock rallied nearly 200% from Rs 213 at the beginning of the year, as compared to 10.5% rise in the S&P BSE Sensex.

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