IndiGo, IRCTC, SpiceJet, Indian Hotels, EaseMyTrip shares skyrocket as geopolitical tensions ease

Shares of IRCTC (Indian Railway Catering and Tourism Corporation), which provides ticketing, catering, and tourism services to Indian Railways, advanced 3.56% to ₹748.25 a unit on the NSE. Travel, tourism and hospitality sector stocks skyrocketed on Monday, May 12, after India and Pakistan reached an understanding to stop all firings and military actions on land, air and sea. India launched 'Operation Sindoor' on May 7 to destroy nine terror infrastructures in Pakistan and Pakistan-Occupied-Kashmir (PoK) to avenge the Pahalgam terror attack. Shares of IndiGo operator InterGlobe Aviation climbed 7.23% to ₹5,470 apiece on the National Stock Exchange (NSE) at 10:40 am. The BSE-listed SpiceJet stock rose 7.92% to ₹46.6 per unit. Shares of IRCTC (Indian Railway Catering and Tourism Corporation), which provides ticketing, catering, and tourism services to Indian Railways, advanced 3.56% to ₹748.25 a unit on the NSE. ITC Hotels shares ascended 7.68% to ₹197 per unit on the NSE, followed by Tata Group's Indian Hotels Company (IHCL) (up 6% at ₹762), Lemon Tree Hotels (up 5.57% at ₹136.98), and Chalet Hotels (up 5.36% at ₹841.2). Shares of travel aggregators like Thomas Cook, EaseMyTrip and Yatra Online also shot up 9.22%, 5.61% and 4.18%, respectively. Meanwhile, NIFTY50 is up 2.88% to 24,699, while SENSEX gained 2,224 points to 81,678. Adani Enterprises, Shriram Finance, Jio Financial Services, Trent, Adani Ports, Axis Bank, Grasim and HCL Tech are top gainers in the NIFTY50 pack. Sun Pharma and IndusInd Bank are the only laggards. On Friday, foreign institutional investors, or FIIs, offloaded equities valued at ₹3,798.71 crore on Friday, after being net buyers for many days, according to exchange data.