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Indian Tourism Development Corporation (ITDC) make debut on National Stock Exchange (NSE)

The shares of India Tourism Development Corporation (ITDC), the only public sector undertaking under the aegis of the Ministry of Tourism — began trading under the trade-for-trade segment on the NSE from Friday, the 30th December. The company stock at the time of debut was priced at Rs. 229 and settled at Rs.211 at the day’s close.
Further to this, the stock on the same day touched an intraday high of Rs. 234 and a low of Rs. 210.20 on NSE. In terms of volume, a total of 1, 22,798 shares of the company were traded on NSE. On BSE, where ITDC is already listed, the stock settled at Rs. 212.8, with an increase of 0.24 percent from the previous close.

India Tourism Development Corporation has informed BSE that the listing of equity shares of ITDC in NSE has been approved vide its letter dated December 28, 2016 and the equity shares shall be listed and admitted to dealings on NSE w.e.f. December 30, 2016.

Commenting on the development Mr. Pradip Kumar Das, Director Finance ITDC said “It’s a matter of great pride for us to be listed in India’s largest Stock Exchange (NSE) and World’s third largest stock exchange in terms of transactions. ITDC has been a valuable proposition for investors on BSE and we are sure that it would continue its legacy on NSE as well. At ITDC, we are moving with positive momentum and are sure that we are going to make some remarkable performances in the coming Years.”