ITDC shares jumped 13%, update on asset monetization of Ashoka Hotel increased buying

ITDC Stock Price: Shares of government company Indian Tourism Development Corporation (ITDC) rose by 16 percent during the day on March 5 and the price reached a high of Rs 592 on BSE. However, later the stock settled at Rs 576.35 with a gain of 13 percent. The company has told the stock markets that its board is going to hold a meeting on March 11. In this, the asset monetization of Ashoka Hotel will be considered.

The company also said that due to this, it has been decided that the trading window for trading in ITDC shares will remain closed with immediate effect from Tuesday, March 4, 2025 to Thursday, March 13, 2025 or till 48 hours after the announcement of the decision of the Board in its meeting held on March 11, 2025.

ITDC shares fell 23 percent in one year

ITDC comes under the Ministry of Tourism of the Government of India. The government had 87.03 percent stake in the company till the end of December 2024. Ashoka Group is a part of ITDC. According to BSE data, the share price has come down by 23 percent in the last one year. At the same time, it has become cheaper by 8 percent in the year 2025 so far. The market cap of the company is Rs 4900 crore.

The 52-week high of the stock was created at Rs 930.80 on July 8, 2024. The 52-week low of Rs 470.30 was created on February 18, 2025.

December quarter profit 21 crores

ITDC's revenue on a standalone basis stood at Rs 147.96 crore in the October-December 2024 quarter. During this period, the net profit was Rs 21 crore and earnings per share were Rs 2.46 crore. In the financial year 2024, the company's revenue on a standalone basis was Rs 526.59 crore, net profit Rs 71.86 crore and earnings per share Rs 8.48 crore.