ITDC Up 67% in 7 Days: Hotel Divestment Buzz Fuels PSU Rally

ITDC has surged over 67% in seven sessions, including a 16% intraday jump, on reports that the government is preparing to monetise key hotel subsidiaries. The rally reflects market enthusiasm around the National Monetisation Pipeline and expected value unlocking from premium hospitality assets.

PSU divestment plays have been a major theme on Dalal Street, and ITDC owns marquee Ashok-branded properties in prime locations. Successful monetisation could set a template for other PSU asset sales and re-rate the broader hospitality basket.

ITDC is the direct beneficiary, but listed hospitality peers like INDHOTEL, EIHOTEL, CHALET and LEMONTREE could see sympathy buying as bidders or sector re-rating candidates. PSU divestment basket sentiment also gets a fresh tailwind.

Watch for official cabinet/DIPAM announcements on divestment timelines and reserve prices. Monitor delivery volumes and FII/DII activity in ITDC; a vertical 67% move typically invites profit-booking, so a base-building consolidation would be healthier than continued parabolic action.

• •ITDC shares surged over 16% intraday
• •Stock has rallied more than 67% in seven sessions
• •Rally driven by reports of asset monetisation
• •Government plans divestment of key hotel subsidiaries