Hotel, travel stocks rally up to 3% on US-Iran truce optimism
Indian Hotels climbed 3% to Rs 698.75 (m-cap Rs 98,871 cr), while Easy Trip, Thomas Cook and Lemon Tree each gained 3% and IRCTC rose 1.7% to Rs 530.55, as markets cheered easing global volatility from a US-Iran truce deal.
What happened
Hospitality and travel stocks including Indian Hotels, IRCTC, Easy Trip, Thomas Cook and Lemon Tree rose up to 3% as markets cheered a US-Iran truce deal
Key facts
- Indian Hotels Rs 698.75 +3%
- market cap Rs 98,871 cr
- Easy Trip Rs 8.63 +3%
- Thomas Cook Rs 112.70 +3%
- Lemon Tree Rs 113.90 +3%
- IRCTC Rs 530.55 +1.72%
Why this matters
Improving sentiment lifting Indian Hotels' m-cap to Rs 98,871 cr widens the valuation gap versus mid-tier peers like Lemon Tree and Thomas Cook, opening a window for consolidation plays before multiples re-rate further.