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.
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 expected to ease global volatility.
Why this matters
Indian Hotels' 3% gain leads a broad hospitality and travel rally as geopolitical de-escalation lifts sentiment for tourism-linked names like Thomas Cook, Lemon Tree, Easy Trip and IRCTC.
Retail-company signals steady at 2,890 over the last 90 days.