ITDC share price zooms 14% on Ashok Hotel’s asset monetization buzz | Stock Market News

Stock market today: Shares of India Tourism Development Corporation (ITDC) witnessed strong buying during the early morning session on Wednesday. ITDC share price today opened upside at ₹524.50 per share and touched an intraday high of ₹589 apiece within a few minutes of the Opening Bell. According to stock market experts, ITDC shares are skyrocketing in early morning deals after the announcement of the board meeting to consider the proposal for asset monetization of Ashoka Hotel.

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What’s fueling ITDC share price?

The ITDC board informed Indian stock market exchanges about the asset monetization proposal, saying, “Notice is hereby given that a Board Meeting of India Tourism Development Corporation Limited (ITDC) will be held on Tuesday, the 11th day of March, 2025 at 11 a.m. at The Ashok, Chankyapuri, New Delhi to consider the agenda on Asset Monetization of the Ashok Hotel along with the presentation from the consultant. In view of the above, it has been decided that Trading Window for trading in the shares of ITDC shall remain closed with immediate effect from Tuesday, 4th March, 2025 to Thursday the 13th March, 2025 or till 48 hours after the announcement of Board decision in the meeting held on 11.03.2025.”

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