Budget 2024: Tourism Stocks Gain On Corridor Plans For Religious Sites

Shares of tourism-related companies gained on Tuesday as Finance Minister Nirmala Sitharaman announced a slew of measures for the sector while presenting the Union Budget 2024–25 in the Lok Sabha on Tuesday.

The government will develop the Vishnupad temple corridor and the Mahabodhi temple corridor in Bihar on the model of the successful Kashi Vishwanath corridor to make them world-class tourist destinations, Sitharaman said.

She underscored that efforts to position India as a global tourist destination would create economic opportunities.

Shares of SpiceJet Ltd. were trading 1.08% higher, while ITC Ltd. was 0.87% up on the BSE at 12.35 p.m.

Shares of Easy Trip Planners Ltd. were trading 3.22% higher on the NSE, while Thomas Cook (India) Ltd. and Yatra Online Ltd. were 3% and 3.90% up, respectively, as of 12:30 pm.